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119 Pages

### ch05

Course: ECON 2020, Spring 2012
School: LSE
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Word Count: 4972

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5 INCOME Chapter AND SUBSTITUTION EFFECTS 1 Copyright 2005 by South-Western, a division of Thomson Learning. All rights reserved. Demand Functions The optimal levels of x1,x2,,xn can be expressed as functions of all prices and income These can be expressed as n demand functions of the form: x1* = d1(p1,p2,,pn,I) x2* = d2(p1,p2,,pn,I) xn* = dn(p1,p2,,pn,I) 2 Demand Functions If there are only two goods...

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Name (Signature)Your signature above means you understand Virginia Tech's honor code and that yousubscribe to its tenets regarding your participation in CHEM 1016.CHEM 1016Test #3Tuesday, March 27, 2012Choose the best response to each of the followi
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