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al and Pc y = (b) In the Cobb Doughlas case, u = ryl-a own price demand functions are x = h. We also know
al and Pc y = (b) In the Cobb Doughlas case, u = ryl-a own price demand functions are x = h. We also know that S = = Derive the income demand curves for I and y which show income as function of x and y respectively and plot these Engel curves for a = 0.5. Carefully illustrate the slope of these Engel curves
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