Q2 (30 points) Consider an general equilibrium endowment economy with two goods and two individuals. The two individuals A and B have the following endowments { ( wi, w2 ), ( WP , w ? ) } = { ( 4 , 3 ) , ( 2, 1 ) } The utility functions for A and B are: UA(24, 14) = 0.5log(24 ) + log(12 ) UB(x], 2,) - log(z) + 0.5 log(12) "* Part a (10 marks) State the market clearing conditions. " Part b (10 marks) Draw the Edgeworth box, including . the x-y coordinates of the 4 corners . the X-y coordinates of endowment point . a sketch of some indifference curves for both individuals. * Part c (10 marks) Given the relative price p > 0, find the demand of good 1 for both individuals