A find the marshalian uncompensated demands for x and y b


John's utility function is U(X,Y) = min{3X,4Y}. His income is denoted by I and the prices by PXand PY.

a) Find the Marshalian (uncompensated) demands for X and Y.

b) Find the income elasticity of demand for X and Y.

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Macroeconomics: A find the marshalian uncompensated demands for x and y b
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