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Business, 14.12.2019 04:31 1hannacarson

The optimal amount of x1, x2, p1, p2 and income are given by the following: x subscript 1 equal fraction numerator 2 i over denominator 7 p subscript 1 end fraction space space space space space space space space space space x subscript 2 equal fraction numerator 5 i over denominator 7 p subscript 2 end fraction the original prices are: p1=32 p2=67 the original income is: i =6,319 the new price of p1 is the following: p1'=42 assume that the price of x1 has changed from p1 to p1'. what is the substitution effect?

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