Please type your asnwer for a better rating! 1. What is an own-price offer curve for a Marshallian demand problem? What is the cross-price offer curve? If the own-price offer curve for a particular good slopes down, does the law of demand hold for that good? Plot a typical Engel curve for a "normal" good (define normality of demand also). Now, plot as typical Engel curve for a "inferior" good (define inferiority of a good also)..

1. Please type your asnwer for a better rating!
1. What is an own-price offer curve for a Marshallian demand problem? What is the cross-price
offer curve? If the own-price offer curve for a particular good slopes down, does the law of demand
hold for that good? Plot a typical Engel curve for a "normal" good (define normality of demand
also). Now, plot as typical Engel curve for a "inferior" good (define inferiority of a good also).