Question: 3. A consumer has a quasi-linear utility function (a = v(x) +23) . Further, suppose income is 50, initially pi - pa = 1, but

3. A consumer has a quasi-linear utility function (a = v(x)

3. A consumer has a quasi-linear utility function (a = v(x) +23) . Further, suppose income is 50, initially pi - pa = 1, but then p rises to 2. Show graphically the CV and EV associated with this price increase for good 1. Which is larger? Why

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