Question: If Philip's utility function is U =12(q1)-5 +q2, what are his demand functions for the two goods? Let the price of q1 be p1, let

If Philip's utility function is U =12(q1)-5 +q2, what are his demand functions for the two goods? Let the price of q1 be p1, let the price of q2 be p2, and let income be Y. Philip's demand for q1 as a function of p1 and p2 is q1=|:|. and his demand for good q2 is q2=E|. (Property format your expressions using the toots in the palette. Hover over toots to see keyboard shortcuts. E. 9., a subscn'pt can be created with the_ character.)

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