Question

Suppose a person’s utility is U =AX + BY +CZ What would be the demand curve...

Suppose a person’s utility is U =AX + BY +CZ
What would be the demand curve for X? Why?

Homework Answers

Answer #1

Demand Function for X is

X is a substitute good for y and z.

There will be straight lines for all the three goods, denoting the same as it is a linear function.

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