Illustrate what conditions would minimize the extent

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Q. derive the ordinary demand curve for X and Y assuming that U=XY.Calculate the price and income elaasticities,If Py=1,M=100 derive the compensated demand curve for X and compare its slope with the ordinary demand curve

Q. The public utilities commission in a state lifts price controls on the sale of natural gas to manufacturing plants and allows utilities to charge market price (which are 30 percent higher). Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase?

Reference no: EM1362375

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