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e. Based on the result in part d, solve for the period-1 price of durable consumption goods, which should expressed as DUR _ p1 in

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e. Based on the result in part d, solve for the period-1 price of durable consumption goods, which should expressed as DUR _ p1 in which the term in ellipses (\". . .\") on right-hand side is for you to determine. f. Briey describe the economic interpretation for the pricing expression obtained in part e. (Note: \"economic interpretation\" is not simply a verbal restatement of the mathematics.)

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