Which of the Following Are True About Functions in the Duality

question 9

Multiple Choice

Which of the following are true about functions in the duality picture:

• A)Compensated demand functions are homogeneous of degree zero in prices.
• B)Uncompensated demand functions are homogeneous of degree zero.
• C)Expenditure functions are homogeneous of degree zero.
• D)Both (a) and (b).
• E)Both (b) and (c).
• F)Both (a) and (c).
• G)All of the above.
• H)None of the above.

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