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Suppose that u(x; y) = xy + x: a) Find and graph the demand function for good x when I = 100 and py =
Suppose that u(x; y) = xy + x:
a) Find and graph the demand function for good x when I = 100 and py = 5
b) Graph what happens if py changes to 50.
c) Graph what happens if I reduces to 50 (with py back to 5).
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