Re: Micro Question

Posted by RichaS on Dec 03, 2016; 7:23am
URL: http://discussion-forum.276.s1.nabble.com/Micro-Question-tp7602940p7602941.html

His utility in old city was 7499, and utility in the new city will be 7071.
%change in utility= (7499-7071)/7499= 5.7%
 Therefore, income reduced by 5.7%= 15000*0.057= 856
So, A=856, IS THIS ANSWER CORRECT?