Suppose that there are two goods, X and Y. The utility function is U = XY + 2Y. The price of X is P, and the price of Y is $5. Income is $60. The demand for X as a function of P is X = ____.
A) (30 - P) / P
B) (20 - P) / P
C) (2 - P) / P
D) 2P
Correct Answer:
Verified
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