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When prices are (p1;p2) = (1;2) a consumer demands (x1;x2) = (1;2), and when prices are(p1;p2) = (2;1) the consumer demands (x1;x2) = (2;1). Is this behavior consistent with the model of maximizing behavior?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91561847

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