Question: how to solve questions 1 to 3 Exercise 2: Comparative Statics - ICC, PCC, and Demand Bryce has utility function u(x, y) = 2x +

how to solve questions 1 to 3

Exercise 2: Comparative Statics - ICC, PCC, and Demand Bryce has utility function u(x, y) = 2x + 10,/y. Find his... 1. Income Expansion Path (ICC) when prices are p = 20 and q = 10. 2. Price Consumption Curve (PCC) when income is m = 160 and the second good has price q = 10. 3. Demand curve for the first good, z(p), when m = 160 and q = 10 (you may use your results from the previous parts). ECON 52100 - B.Klose 2 Problem Set

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