Harvey's net demands for goods 1 and 2 are (2, -3)and his endowment is (6, 5).
a.What are his gross demands?
b.Draw a diagram illustrating his budget line, his endowment, and his consumption.(Put good 1 on the horizontal axis.)
c.Draw a dotted line to show what his budget line would be if the price of good 1 doubled and the price of good 2 stayed the same.

Question

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The Answer of Harvey's net demands for goods 1 and 2 are (2, -3)and his endowment is (6, 5).
a.What are his gross demands?
b.Draw a diagram illustrating his budget line, his endowment, and his consumption.(Put good 1 on the horizontal axis.)
c.Draw a dotted line to show what his budget line would be if the price of good 1 doubled and the price of good 2 stayed the same.

Harvey's Net Demands for Goods 1 and 2 Are (2