Question: Assuming that the consumers' preference relations i are non satiated and strictly convex, show that the aggregate excess demand function z(p) satisfies Walras's law pT
pT z(p) = 0 for every p
Step by Step Solution
3.48 Rating (164 Votes )
There are 3 Steps involved in it
and therefore Since preferences are non satiated and ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
914-M-N-A-O (344).docx
120 KBs Word File
