Consider a consumer with preferences represented by a
Consider a consumer with preferences represented by a utility function uix1,X2}= x1+ x2, facing prices p = {p1, p2} :- 0 and having income m 1:- 0.
{a} Is good 1 a normal good for this consumer?
{b} Does the Law of Demand hold for good 2?
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consider a consumer with preferences represented by a utility function uix1x2 x1 x2 facing prices p p1 p2 - 0 and
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