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Wilhelm Consumes Only Apples and Bananas

Question 1

True/False

Wilhelm consumes only apples and bananas.His endowment is 5 units of apples and 10 units of bananas.Both goods are normal goods for Wilhelm.At current prices, Wilhelm is a net seller of apples.If the price of apples rises and the price of bananas stays the same, his demand for apples must decrease.

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