Question: please answer. No additional info given to this question. Part a does not relate to part b (b) Consider an individual who consumes only two

please answer. No additional info given to this question. Part a does not relate to part b

please answer. No additional info given to this question. Part a does

(b) Consider an individual who consumes only two goods, 96 and 3!. She cannot borrow money and does not save money. Her Marshallian demand functions are xm = 0.8 Pi and ym = 0.57 PE, 1 y where Px and P3, are the prices of goods at and 3/ respectively and M is her income. Determine whether this set of demand functions is valid

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