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Lisa's marshallian demand functions are the following: gx and gy = 11 and the hicksian demands are the following (ppi -2) (PpYx12 and hy

Lisa's marshallian demand functions are the following: gx and gy = 11 and the hicksian demands are the following (ppi -2) (PpYx12 and hy ( 3px 1 2 The indirect utility function is: V(px, py, I) = I For a small change in px, use the Slutsky equation to find the substitution (SE) and income effects (IE) for good x? Hint: remember that TE = SE + IE 1 1 21 21 1

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