Question: Given the following consumption data determine whether x 1 i s revealed preferred t o x 2 , x 2 i s revealed preferred t
Given the following consumption data determine whether
revealed preferred revealed preferred
neither revealed preferred the other.
Suppose that a consumer's utility function given
Find optimal values and using the general form the
budget constraint I.
Using your answer find the consumer's response
change the price
Use your answer part find price elasticity demand for
good
pretty sure they both together and struggling solve part and
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