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1. Using equations [1] and [2}, set up the Lagrange multiplier and then solve it for the demand for housing [Hr]. Discuss briey how income
1. Using equations [1] and [2}, set up the Lagrange multiplier and then solve it for the demand for housing [Hr]. Discuss briey how income and property.r taxes affect the demand for housing 1I'ou can consider the equation that you found in this part as representing the short-run demand for housing. Do changes in the sales tax affect the demand for housing
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