Question: Problem 3 In an L-commodity world, a consumer's Walrasian demand function is: 11) 23:1 Pr, I Is this demand function homogeneous of degree zero 0

Problem 3 In an L-commodity world, a consumer's Walrasian demand function

Problem 3 In an L-commodity world, a consumer's Walrasian demand function is: 11) 23:1 Pr, I Is this demand function homogeneous of degree zero 0 in (p, w)? $k(p,w) = for k=1, . . ,L I Does it satisfy Walras' Law

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