Assume that the consumer's preferences are continuous and strictly convex. Show that the demand correspondence is single

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Assume that the consumer's preferences are continuous and strictly convex. Show that the demand correspondence is single valued. That is, the demand correspondence is a function mapping P → X.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:37 AM

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Assume that the consumer's preferences are continuous and strictly convex. Show that the demand correspondence is single

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To conclude I can say that if the consumers ...View the full answer

Foundations of Mathematical Economics

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