In equilibrium a consumer was buying 5 units of good A and some of good B. His income was Rs 100 and the prices were P A = Rs 8 and P B = Rs 5. The price of good A falls to Rs 5. By how much does his income need to be compensated so that he is able to buy the (old) bundle at the original equilibrium?

/in /by

In equilibrium a consumer was buying 5 units of good A and some of
good B. His income was Rs 100 and the prices were P A = Rs 8 and P B = Rs 5. The
price of good A falls to Rs 5. By how much does his income need to be compensated so
that he is able to buy the (old) bundle at the original equilibrium?

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