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Please answer with explanation The Becker Model posits that: Z : f(X, T1, T2, E) Z 2 household good produced X : market goods purchased

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The Becker Model posits that: Z : f(X, T1, T2, E) Z 2 household good produced X : market goods purchased Ti: household time spent by spouse i E : environment Suppose this represents an extremely poor household, where X is an essential market good purchased. Demand for X is thus highly inelastic with respect to its price. If price of X rises what would be the prediction of the Becker model? Select one: Q a. The spouses will have to spend more time at home to compensate. O b. The marginal benefits of Ti must rise. 0 c. The price of Ti must rise. 0 d. None of the above

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