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Question About Implicit Function Theorem and Comparative Statics - Mathematics for Economists by Simon and Blume Chapter 15 Exercise 32
I am studying Implicit Function Theorem and its application on comparative statics using Mathematics for Economists by Simon and Blume. Here is the question:
Consider a pure exchange economy with two ...
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Comparative Statics: Income Effect
Much of this is setting up the problem. So if you're familiar it's likely best to start from the very bottom and work up if needed. The question is asking about the income and substitution effect.
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