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    Exam 4: Demand Relationships Among Goods
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    For the Cobb-Douglas Utility Function with Two Goods,the Sum of the Own
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For the Cobb-Douglas Utility Function with Two Goods,the Sum of the Own

Question 13

Question 13

Multiple Choice

For the Cobb-Douglas utility function with two goods,the sum of the own price elasticities of demand must be


A) 0.
B) -1.
C) -2
D) any number between 0 and -4.

Correct Answer:

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