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Consider the untility function u(x1, x2) = x 2 -y Are these preferences monotonic? Do these preferences satisfy local nonsatiation? Does Walras's law hold?

Consider the untility function u(x1, x2) = x²-y

Are these preferences monotonic?

Do these preferences satisfy local nonsatiation?

Does Walras's law hold?

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Question

Consider the untility function u(x1, x2) = x 2 -y Are these preferences monotonic? Do these preferences satisfy local nonsatiation? Does Walras's law hold?