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Computing the utility function

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Assume the following utility function:  u(X,Y)=X0.5Y0.5 Income equals $2 and the price of each good is initially $1. If the price of X was to increase to $9, and IF WE HOLD REAL INCOME CONSTANT, then quantity of X demanded would decrease to:

A.1/3

B.1/6

C.1/9

D.1

Reference no: EM131177291

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