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# Solution - A Consumer Consumes Only Two Goods X and Y. the Marginal Rate of Substitution is 2. Prices per Unit of X and Y Are Rs 5 and Rs 4 Respectively. is Consumer in Equilibrium? What Will Be the Further Reaction of the Consumer? Give Reasons. - Marginal Rate of Substitution (MRS)

ConceptMarginal Rate of Substitution (MRS)

#### Question

A consumer consumes only two goods X and Y. The Marginal Rate of Substitution is 2. Prices per unit of X and Y are Rs 5 and Rs 4 respectively. Is consumer in equilibrium? What will be the further reaction of the consumer? Give reasons.

#### Solution

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#### APPEARS IN

Solution for question: A Consumer Consumes Only Two Goods X and Y. the Marginal Rate of Substitution is 2. Prices per Unit of X and Y Are Rs 5 and Rs 4 Respectively. is Consumer in Equilibrium? What Will Be the Further Reaction of the Consumer? Give Reasons. concept: Marginal Rate of Substitution (MRS). For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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