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An individual's demand functions are = 10 and = 2 . Assuming an interior solution, which of the following statements is TRUE? a. The income
An individual's demand functions are = 10 and = 2 . Assuming an interior solution, which of the following statements is TRUE? a. The income consumption curve is upward sloping. b. The price consumption curve (as the price of x changes) is downward sloping. c. Good Y's own-price elasticity of demand is positive. d. Goods X and Y are complements. e. Good X's Engel curve is upward sloping
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