Question: please answer the question 3. We claimed that if the utility function was locally nonsatiated then for any values of p > 0 and w

please answer the question 3. We claimed that if the utility

please answer the question

3. We claimed that if the utility function was locally nonsatiated then for any values of p > 0 and w > 0 we would have e(p, v(p, w) ) = w. Show by giving an example that this may not be true if the utility function is not locally nonsatiated. [4 marks]

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