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Business, 26.01.2021 03:40 brandon56238

Suppose that a consumer has an initial endowment of 48.00 eggs. He is able to sell these eggs freely on the market for $1.00 per egg, but has no other income. However, he still demands some eggs himself. His demand is given by the following equation: x1 = 16.00+ m/4p1
The price for eggs increases to $2.00 per egg. Calculate this consumer's endowment income effect.

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Suppose that a consumer has an initial endowment of 48.00 eggs. He is able to sell these eggs freely...

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