a consumer purchases food x and clothing y her, Microeconomics

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a consumer purchases food x and clothing y her

A consumer purchases food (X) and clothing (Y). Her utility function is given by: , income is $100 and the price of food is $1 and the price of clothing is Py.

a. Derive the equation for the consumer's demand function for clothing.(15 marks)

b. Are X and Y normal goods?

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Microeconomics: a consumer purchases food x and clothing y her

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Microeconomics: a consumer purchases food x and clothing y her

Reference No:- TGS0220934

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