Re: exchange questions urgency

Posted by Amit Goyal on Jun 20, 2012; 9:28am
URL: http://discussion-forum.276.s1.nabble.com/exchange-questions-urgency-tp7578292p7578318.html

Hi Ritu,

Lets do this problem step by step:

Step 1: Let price of Y, p(y) = 1.
Step 2.1: For p(x) > 0, p(y) = 1, and income of individual 1 as m(1) solve for the demand of agent 1?
Step 2.2: For p(x) > 0, p(y) = 1, and income of individual 2 as m(2) solve for the demand of agent 2?
Do steps 2.1. and 2.2, I will tell you the rest after you are done with these.