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Unformatted text preview: Edgeworth box. (b) Andrea and Beverly decide to trade. Assume that the price of good x is p x = 1. The demand for x and y by either person is x = m 3 p x and y = 2 m 3 p y where m represents either m a or m b (the incomes of Andrea or Beverly). Find the Walras equilibrium for this economy (i.e., the price of p y , as well as the allocation that Andrea and Beverly end up consuming after trade)....
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