Question: A consumer has the utility function U(q 1 ,q 2 ) = q 1 0.2 + q 2 Assume p 2 = 1 and Y

A consumer has the utility function U(q1,q2) = q10.2+ q2

Assume p2= 1 and Y = 100. What is theequivalent variation of a price increase for good 1 from 1 to 2?

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