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Question 3 (Demand). Carlos really likes pizza. His utility mcn'on for Little Caesar's (X1) and Woodstock's (3:2) is given by: U(x1, X2 ) = x1+2xz

Question 3 (Demand). Carlos really likes pizza. His utility mcn'on for Little Caesar's (X1) and Woodstock's (3:2) is given by: U(x1, X2 ) = x1+2xz The price of 1:215 $10 and Carlos spends $50 on pizza. a) Graph the demand curve for 1:1, with p1 (the price of in) on the yaxis and X1 on the x-axis. (Hint: There will be a range of prices where the demand for X1 will be 0). Explain yen graph

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