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A consumer consumes only two goods X and Y and plans to spend entire income on these. The prices of X and Y are respecively rupeees 7 and rupees 8 per unit respectively. In the plan marginal utilities of X and Y turn out to be 8 units and 7 utils respectively. Suppose marginal utility in case of each good remains unchanged as more or less is consumed. In such a case consumer will : |
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Answer» But only X |
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