3. (16 Total Points) Suppose a consumer's utility function is given by U(X,Y) = 5X +2Y. Also, the consumer has $30 to spend, and the price of Good X, Px = $1. Let Good Y be a composite good (Good Y is the \"numeraire\") whose price is Py = $1. So on the Y-axis, we are graphing the amount of money that the consumer has available to spend on all other goods for any given value of X. Suppose the Price of Good X increases to Px = $3. a) (4 points) Calculate the Compensating Variation: (Note that since Py increases, this will be a positive number.) CV= b) (4 points) Calculate the Equivalent Variation: (Note that since Py increases, this will be a positive number.) C) (8 points) In the table below, fill in the Quantity Demanded of Good X (Qp) at each price: Px Qp of Good X