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The demand for an average consumer in group 1 for good X is Q1x = 3
The demand for an average consumer in group 1 for good X is Q1x = 3
Question: The demand for an average consumer in group 1 for good X is Q1x = 3 - .25P. The demand for an average consumer in group 2 for good ...
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the consumer's demand for good X will be upward sloping. A Giffen good: obeys the law of demand.
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