Question
Which of the following demand functions is NOT normal? Assume that demands for all goods are positive if income is positive. (M= Income, p1= Price
Which of the following demand functions is NOT normal? Assume that demands for all goods are positive if income is positive. (M= Income, p1= Price of good 1, p2= Price of good 2)
A) X= 3
B) X= 0.5m
C) X= 3m/p1
D) X= m/p1+p2
E) None of the above
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Microeconomics
Authors: David Laibson, John List
Global Edition 1st Edition
1292079576, 978-1292079578
