A consumer observes that the prices of two goods X and Y are such that he can buy 5Y for 1X. The the prices of X and Y are Rs. 2 and Rs. 5 per unit respectively. iii) Beginning from the initial situation, if the consumer’s income decreases to Rs. 180 and in the new these properties? Explain.

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A consumer observes that the prices of two goods X and Y are such that he can buy 5Y for 1X. The
the prices of X and Y are Rs. 2 and Rs. 5 per unit respectively.
iii) Beginning from the initial situation, if the consumer’s income decreases to Rs. 180 and in the new
these properties? Explain.

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