Mathematics, 25.11.2021 14:00, Kalistaaaaaaa
tom buys only cookies and chocolate, and spends all of his income on the two items. at his current consumer equilibrium, tom buys 10 cookies and 8 chocolate bars. suppose the price of cookies suddenly falls. tom adjusts to his new consumer equilibrium, where he now buys 14 cookies and 6 chocolate bars. according to marginal utility theory,
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tom buys only cookies and chocolate, and spends all of his income on the two items. at his current c...
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