Correction Exercise 2-Seminar 4, seminar group 3

The correct way of expressing the change in price, as some of you noted, is p'2-p2=1, so that the approx change in demand of good 1 is -1 and the new demand of good 1 is 5, and the new demand of good 2 is 75/11.

Sorry for the mistake,

Andrea 

Published Sep. 28, 2016 12:32 PM