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Show equation and Graph, Suppose your preferences are represented by the utility function u(x1, x) = 13. The price of good is p and the

Suppose your preferences are represented by the utility function u(x1, x) = 13. The price of good is p and

b) If the Government wanted to increase the consumer's consumption for good r, would it increase or decrease c) Suppose there are 6 consumers in the market, and all consumers' demand for good 1 is represented by the

Show equation and Graph,

Suppose your preferences are represented by the utility function u(x1, x) = 13. The price of good is p and the price of good r2 is p. Your income is 10p -. a) Derive the consumer's demand curve for good r (ie, find the optimal level of consumption for good as a function of p). (8 points)

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