Question: 5. The demand function corresponding to a Cobb-Douglas utility function is m x1 = i3 p1 where > 0 is a constant. Find the substitution

5. The demand function corresponding to a Cobb-Douglas utility function is

5. The demand function corresponding to a Cobb-Douglas utility function is m x1 = i3 p1 where > 0 is a constant. Find the substitution and income effects of a price change

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