rosey9604 rosey9604

09-06-2020
Business

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If an individual's utility function for coffee (x) and cream (y) is given by , the demand function for coffee is given by:__________.

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stanfordgoddy stanfordgoddy

10-06-2020

Incomplete question. Options provided in

Answer:

c.

Explanation:

Note that after performing necessary calculation we arrived at the conclusion where X = I/(PX + 0.2PY) where PX= demand and PY= expenditures.

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