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Demand for goods

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Reference no: EM131220141

Bart has an income of $133 and a utility function U(x1, x2) = 28x1/21+ x2. The price of good 1 is $2 and the price of good 2 is $1.

How many units of good 1 and good 2 will Bart demand?

As his income keeps increasing, how would it affect demand for both goods?

Reference no: EM131220141

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