MUX = PX ( where X and Y = good X and Good Y; MU…

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Economics WAEC 1996

MUX = PX ( where X and Y = good X and Good Y; MU = Marginal Utility;P= Price)MUY = PY. The above represents the

  • marginal utility equation
  • equation for consumer dis-equulibruim
  • utility maximization equation checkmark
  • equation for total utility
  • equation for price elasticity

The correct answer is: C

Explanation

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