Given that income is $500 and PX = $20 and PY = $5, what is the market rate of substitution between goods X and Y?
Note
Given that income is $500 and PX = $20 and PY = $5, The market rate of substitution between goods X and Y is -4.
Given that income is $500 and PX = $20 and PY = $5, what is the market rate of substitution between goods X and Y?
Given that income is $500 and PX = $20 and PY = $5, The market rate of substitution between goods X and Y is -4.