Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Which among the following are true for excess demand function for an individual ? 

1
Homogenous of degree zero in all prices. 
2
These obey Walra’s law. 
3
Both (1) and (2) are true.
4
Neither (1) nor (2) are true. 
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