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Quantitative Questions [6] Suppose a consumer is engaged in a utility maximization problem and the resulting demand for good X is found to be
Quantitative Questions [6] Suppose a consumer is engaged in a utility maximization problem and the resulting demand for good X is found to be Qx(p) = awwhere w> 0 is her wealth/income, (a+2)p p> 0 is the price of the good, and a > 0 is a preference parameter. The other good, good Y, was found to have a demand of Qy(q) = good (0+2)q where q> 0 is the price of the
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