Q1. How would you graph an Edge worth Box for two consumers with the same utility of U=x+y? Also, how would you do the same if one individual's utility is U=xy, and the other is U=x+y?
Q2. Describe the industry and explain the general pattern of change of the particular market model.
Q3. What did Thomas Sergeant mean by his statement "inflation is always and everywhere a fiscal phenomenon?" Please thoroughly explain.