3. A consumer has preferences min {3:1, mg} . A. What is this consumer's demand for 1171? B. What is this consumer's elasticity of demand
3. A consumer has preferences min {3:1, mg} . A. What is this consumer's demand for 1171? B. What is this consumer's elasticity of demand for 1171? C. At the prices p1 = 2,102 = 1, roughly, what will a 1% increase in the price of p1 do to demand? D. What is this consumer's income elasticity of demand
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