Question: (2) Start with m = 10 and p = 1.5, and suppose that the price of good 1 increases by 25%. Compute the substitution and

(2) Start with m = 10 and p = 1.5, and
suppose that the price of good 1 increases by 25%. Compute the

(2) Start with m = 10 and p = 1.5, and suppose that the price of good 1 increases by 25%. Compute the substitution and the income effect

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