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entiable. 12/3 Pu 4. Suppose that Marshallian demand for X is given by X* = Px+Py (a) What is the income elasticity of demand for

entiable. 12/3 Pu 4. Suppose that Marshallian demand for X is given by X* = Px+Py (a) What is the income elasticity of demand for good X? (b) Suppose I = 8, Py = 1, Px = 1. Use Engel aggregation to determine income elasticity of demand for good Y

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