Quasi-concavity of utility functions insures that with only two goods,these goods must be:
A) gross substitutes.
B) gross complements.
C) net substitutes.
D) net complements.
Correct Answer:
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Q2: Use the following definitions for an individual
Q3: Use the following definitions for an individual
Q4: If utility is separable in a three-good
Q5: "Hicks' Third Law of Demand" states that
Q6: Use the following definitions for an individual
Q8: Two goods are Hicks (net)substitutes if a
Q9: With the Cobb-Douglas utility function 
Q10: Symmetry of net substitution effects is one
Q11: For the "Composite Commodity Theorem" to hold,all
Q12: For the Cobb-Douglas utility function with two
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