For the Cobb-Douglas utility function, find the Marshallian demand function, Find the total Price Effect, Substitution Effect
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For the Cobb-Douglas utility function, find the Marshallian demand function, Find the total Price Effect, Substitution Effect and Income effect, if price of commodity X increases from Rs. 1 to Rs. 2, price of commodity Y is Rs. 1 and money income is Rs. 100.
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