Question: EXERCISE 3 Consider a consumer who consumes two goods and has utility function (3311172) = 172 + 131- The price of good 2 is 1,

EXERCISE 3 Consider a consumer who consumes two goods and has

$utility function \"(3311172) = 172 + 131- The price of good 2$

EXERCISE 3 Consider a consumer who consumes two goods and has utility function \"(3311172) = 172 + 131- The price of good 2 is 1, the price of good 1 is p, and income is m. (1) Show that a) both goods are normal, 6) good 1 is an ordinary good, 6) good 2 is a gross substitute for good 1

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