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9. Now suppose that there are 100 consumers withu(.r,y) = Iiyli and budget constraint 50 = 1143:}: + pyy Suppose also that u: = 4

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9. Now suppose that there are 100 consumers withu(.r,y) = Iiyli and budget constraint 50 = 1143:}: + pyy Suppose also that u: = 4 and r = 4. Solve for the short run equilibrium price when there are 100 identical rms in the market andk = 116 (This will be a little bit ugly - your answer will be a number but you will have some fractions in your exponents that won't reduce]

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