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3. Suppose that consumer has preferences represented by the quasilinear utility function u( x, y) =8vx + y. Derive ordinary and compensated demand curves for

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3. Suppose that consumer has preferences represented by the quasilinear utility function u( x, y) =8vx + y. Derive ordinary and compensated demand curves for good X , assuming interior solution. What are the implications for CV, EV and the change in CS

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