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in Theory of Consumer Behaviour by (26.7k points)
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From the Budget line shown below, find the price of good X2 given that the price of X1 good is ? 30. The equation on the Budget line is given as P1X1 + P2X2 =1000

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P1X1+ P2 X= 1000

30 x 20 + P2 x 40 = 1000

600 + 40P2 = 1000

40P2 = 1000 - 600 = 400

P2 = \(\frac{400}{40}\) = 10

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