Question: Consider a consumer with CES utility u(x1 ; x2 ) = x1 x2 . (a) Does this consumer have preferences the increasing dierence property between
Consider a consumer with CES utility u(x1 ; x2 ) = x1 x2 . (a) Does this consumer have preferences the "increasing dierence property" between the two goods? How about the strict increasing dierence property? Make a detailed argument
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