Question: 4. A consumer has utility function a (11:1, 11:2) : min { %$1, 372}. A. What is the consumer's demand for 3:1 and 322 when


4. A consumer has utility function a (11:1, 11:2) : min { %$1, 372}. A. What is the consumer's demand for 3:1 and 322 when m = 1200 and p1 = 100 and p2 = 100? B. What is the new demand for 1171 and $2 with 131 = 150. C. What income would the consumer need to afford the bundle from part A at the new prices in part B? D. What bundle of 11:1 and 922 does the consumer demand when p1 = 150 but with income from part C? E. How much of the consumer's change in demand for 1131 between part A and part B is due to substitution effect? F. How much of the consumer's change in demand for 1171 between part A and part B is due to income effect
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