Tastes for perfect substitutes are both homothetic and quasilinear.
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Q10: If tastes are Cobb-Douglas, they can be
Q11: Suppose the only characteristic of beer that
Q12: There is no elasticity of substitution that
Q13: Suppose our tastes are homothetic.It is often
Q14: Homothetic tastes are always tastes over essential
Q15: Consider the utility function Q17: Suppose the only characteristic of beer that Q18: In the case of perfect complements, more Q19: Consider the utility function Q20: There are no quasilinear tastes that have![]()
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