CUET Preparation Today
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? |
3 15 2 30 |
2 |
The correct answer is option 3: 2 The equilibrium condition of 2 case commodity is: \(\frac{ Mux}{Px }\) = \(\frac{Muy }{ Py}\) 10/Px =15/3 Px =30/15 = 2
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