Suppose there are 2 goods in the economy and the demand function for Good 1 is...
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Suppose there are 2 goods in the economy and the demand function for Good 1 is given by m xi(m.p₁.P2)= P₁ + apz Is this a normal or inferior good? What if the demand function was instead given by P₁ xi (m, p₁.P2): = m + apz Suppose there are 2 goods in the economy and the demand function for Good 1 is given by m xi(m.p₁.P2)= P₁ + apz Is this a normal or inferior good? What if the demand function was instead given by P₁ xi (m, p₁.P2): = m + apz
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