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0.51 If XP.P.. 7:1)= represents the Marshallian demand curve and VP Q5 x(PP . V) = p 05 is the compensated demand, determine substitution and

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0.51 If XP.P.. 7:1)= represents the Marshallian demand curve and VP Q5 x(PP . V) = p 05 is the compensated demand, determine substitution and income effects and show that the overall effect of price change of X on its -0.51 demand sum to as Slustky identified. Assume V = I P 2 JP.P

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