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 { ( wA , w 2 ), ( w , w 2 ) } - { ( 4, 3 ), ( 2, 1 ) } The utility functions for A and B are: UA(x4, 24) - 0.5 log(x4) + log(12 ) UB(xB, x]) - log(z) + 0.5 log(2 2 ) ** 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