Question: Imagine a consumer with a utility function: U (X1, X2) = X1 + ln X2. If the consumer has a wage M and the prices

Imagine a consumer with a utility function: U (X1, X2) = X1 + ln X2. If the consumer has a wage M and the prices of the goods are p1, p2, what is the price elasticity of demand for good X1?

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