Consider evaluating the welfare effect of a change in an environmental quantity q. Recall that CV and EV have different implied property right implications and, depending on the direction of change, have either willingness to pay or willingness to accept interpretations. Based on these differences, complete the following table by indicating when each welfare measure is a WTP or WTA:

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Welfare Measure CV - person entitled to status quo EV - person entitled to the change Increase in q. Decrease in q. WTP or WTA? WTP or WTA? WTP or WTA? WTP or WTA?