Supposethatyourpreferencesovertwogoodsxandyarerepresentedbytheutilityfunctionu(x,y)=*ln(x)+y.Whatistheshapeofthecross-p

Demand for Goods: suppose that your preferences over two goods x and y are represented by the utility function u(x,y) = a*In(x) + y. What is the shape of the cross- price demand curves for x and y? How would your answer change if tastes were Cobb- Douglas