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August 2021 1 57 Report
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▶ Microeconomics
Lesson : Consumer's Equilibrium- Utility Analysis

⏩ Question : A consumer consumes only two goods X and Y. Marginal utility of each is 2. The price per unit of X and Y is Rs. 1 and Rs. 2 respectively. Is the consumer in equilibrium? What will be the further reaction of the consumer? Explain.

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