Show that the aggregate excess demand function z(p) is continuous and homogeneous of degree zero.

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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 11:36 AM

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Show that the aggregate excess demand function z(p) is continuous and homogeneous of degree zero.

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Every individual demand function x p is continuous in p a...View the full answer

Foundations of Mathematical Economics

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