Question: Suppose a consumer has the utility functionU(qx,qy) = ln(qx)+2qy. Let price of goodxbePx, the price of goodybePy, and income beY. (a)(4 marks) Find the Engel

Suppose a consumer has the utility functionU(qx,qy) = ln(qx)+2qy. Let price of goodxbePx, the price of goodybePy, and income beY.

  1. (a)(4 marks) Find the Engel Curve of goodxand goody. Make sure to label theaxesandcurves.

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