Dr. Heman D.

Lohano

Key of Technical Problem 16 (Ch 2):

For parts (a) and (b) see the appendix on p. 668. Also, you need to explain.

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 s

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Applied Problem 2:

lot of d, curve

nd

y curve shift to the right curve

.T shift the curve d
a higher

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 in a change (or preferences)
and
equilibrium

Grapfruit is a substitute for oranges. , now c

more grapefruit and at each level of the price of orange Thus, t for
oranges will , of oranges

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