Question: Elasticity of Demand: Example (Linear) 0 , if Px > Py u(x, y) = xty = x*(Px, Py, 1 ) = 3 [0, '/ px],

Elasticity of Demand: Example (Linear) 0 , if Px > Py

u(x, y) = xty = x*(Px, Py, 1 ) = 3 [0,

Elasticity of Demand: Example (Linear) 0 , if Px > Py u(x, y) = xty = x*(Px, Py, 1 ) = 3 [0, '/ px], if Px = Py 1/Px , if Px Py E [0, 1] , if Px = Py ex.I = (PX ) 4 = ( Px Px = 1, if px

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