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[10 marks}r For the totto wing question. - You get 2 mark for choosing the correct answer: - You get up to 3 marks for
[10 marks}r For the totto wing question. - You get 2 mark for choosing the correct answer: - You get up to 3 marks for the detailed sol'utton. You need to explain every: option {whether it .is true or fatseJL to get fut! marks. Consider a consumer whose preferences are given by the utility function u{.t,y} = (x+1}[v+2} where x and v are the quantities he consumes of goods 3: and y. The prices for good .7: and y are given by px = $2 and p}, = $3, respectively. [a] The slope of the Engel curve for good .1: is 2. {b} Good :1: is an inferior good. {c} Two goods are complements. {d} The slope of the Engel curve for good y is 4. {e} None of the above
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