Question: 6. The demand function corresponding to a Cobb-Douglas utility function is 901 = m/ P1 where ,3 > 0 is a constant. Find the substitution

6. The demand function corresponding to a Cobb-Douglas utility function is 901 = m/ P1 where ,3 > 0 is a constant. Find the substitution and income effects of a marginal price change. [Hint use the derivatives version ofthe Slutsky equation]

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