Determine the interest rate, Econometrics

Assume that Jane spends her entire income of $100 on two goods,  x  and  y.  Moreover, these goods are perfect complements for her.  Let the price of good  x  go up while the price of y and Jane's income remain unchanged. Can you say for sure if she will buy more or less of good  y as a result of the change? Explain and illustrate graphically.

Posted Date: 4/1/2013 3:47:48 AM | Location : United States







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