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Unformatted text preview: y ? 2. Suppose Beth has a utility function U(x,y,) = x 1/3 y 2/3 . a. Find the income elasticity of demand for x. Find the income elasticity of demand for y. b. What is the elasticity of demand for x with respect to the price of x? What is the elasticity of demand for x with respect to the price of y? c. Find the compensated elasticity of demand for x with respect to p x ....
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This note was uploaded on 11/09/2011 for the course ECON 11 taught by Professor Cunningham during the Fall '08 term at UCLA.
 Fall '08
 cunningham
 Utility

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