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2. A consumer has utility function min {%$1,$2}. A) What is the consumers demand for 1171 and 1172 as a function of prices and income.
2. A consumer has utility function min {%$1,$2}. A) What is the consumers demand for 1171 and 1172 as a function of prices and income. B) Plot the relationship between p1 and $1 when p2 = 100 and m = 1200. Put 391 on the vertical axis. C) For 331 = 100 and p2 = 100 sketch the Engel curve for 1171. D) For p1 : 100 and p2 : 100 sketch the Income Offer Curve. E) For m = 1200 sketch the price offer curve for 331
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