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There are two goods x and y. Conspicuous Connie will buy only the more expensive good - to show how rich she is. (If x
There are two goods x and y. Conspicuous Connie will buy only the more expensive good - to show how rich she is. (If x and y have the same price, she will spend 50% of his income on each good).
Find Conspicuous Connie's demand function for good x.
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