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5 A consumer has expenditure function e(p, u) = pi u+1 - In P1 P2 in the region where u > In(p1/p2). Calculate the income

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5

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A consumer has expenditure function e(p, u) = pi u+1 - In P1 P2 in the region where u > In(p1/p2). Calculate the income effect on good 1 associated with a marginal increase in p1 in this region

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