Suppose a consumer's optimal consumption of a good is determined by the equation x* = x1(P1,...

Question

Question

Suppose a consumers optimal consumption of a good is determined by the equation x* = x1(P1, P2, m) where p1 is the price of

Answer 1

Answer #1

xt = x (P1, P2, m) opa The derivative of x, winit I shows the change in demand of good x due to change in price of good X2. m

Answer 2

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