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Below is a reasonable consumer's substitution matrix. However, p1 = 1, p2 = 2, p3 = 6. Calculate the numbers in a, b, c, d,
Below is a reasonable consumer's substitution matrix. However, p1 = 1, p2 = 2, p3 = 6. Calculate the numbers in a, b, c, d, e, f using the properties of the substitution matrix (Symmetry of intersection terms, diagonal terms ? 0, Euler's theorem according to homogeneity)
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