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Questions
Z2DNSYRV3J
Target Exam
CUET
Subject
Economics
Chapter
Micro Economics: Theory of Consumer behaviour
Question:
MU of Good X is 10 and MU of Good Y is 15. If the price of Good Y is Rs.3, then what will be the Price of Good X at equilibrium?
Options:
3
15
2
30
Correct Answer:
2
Explanation:
The equilibrium condition of 2 case commodity is: \(\frac{ Mux}{Px }\) = \(\frac{Muy }{ Py}\)
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