Question: 7 10 points Let the demand and supply function for a commodity be Qa D p Y Dp 0 Dy 0 Qs S p w

7 10 points Let the demand and supply function for a commodity be Qa D p Y Dp 0 Dy 0 Qs S p w Sp 0 Sw 0 where p is the price Y in exogenous income and w is the exogenous wage rate a Find and using the implicit function theorem b Find and dy by totally differentiating the equilibrium condition dw

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