Show that the indirect utility function is decreasing in p. u( p, ni) sup u(x) =

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Show that the indirect utility function

is decreasing in p.

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:39 AM

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Show that the indirect utility function is decreasing in p. u( p, ni) sup u(x) =

Question:

u( p, ni) sup u(x) =

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The budget correspondence is descend...View the full answer

Foundations of Mathematical Economics

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