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Unformatted text preview: (c) 36 (d) 192 3. 6.9 (a) Housing, C, D, E: 29,28,30 Clothing, C, D, E: 9.8,11,12 Transportation, C, D, E: 16,17,14 (b) All of them (c) Food away from home, clothing, transportation (d) Food prepared at home, housing (e) The curve for a luxury gets atter as income rises, the curve for a necessity gets steeper 4. 14.1 (a) 50 (b) 3750 (c) 2500 1 (d) 1250 5. 14.7 (a) p = 1 & x (b) m & p (1 & p ) (c) u = m + (1 & p ) 2 2 (d) (1/2,11/4),(0,3) (e) 1/8, equivalent (f) 1/8, compensating, same (g) 1/8 2...
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This homework help was uploaded on 04/19/2008 for the course ECON 102A taught by Professor Sorensen during the Winter '08 term at UC Riverside.
- Winter '08