Mr. kimeu has a nyama choma consumption demand function which is given as
q = 20 + m/1-p wher...
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Business, 27.07.2019 17:10 eleaanastasiawo
Mr. kimeu has a nyama choma consumption demand function which is given as
q = 20 + m/1-p where q is the quantity of nyama choma in grams per week, p is
the price per gram per week and m is his income. his income is ksh.150. if the
price of nyama choma per gram changes from 3 to ksh.5. calculate mr. kimeu’s
total price effect, substitution and income effect of the price change.
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