General Question
Find consumer demand for goods a and b?
Asked by razvyrotaru (2)
November 10th, 2011
from iPhone
Suppose you got the utility function U(a,b)=a^y * b^y. where a and b are two different goods. How to you find the demand for both goods if Y is income. I got D = Pa * y/a???
Observing members:
0
Composing members:
0
1 Answer
Response moderated (Writing Standards)
Answer this question
This question is in the General Section. Responses must be helpful and on-topic.
Have a question?
Ask Fluther!