Question: An individual's utility function is given by: U (q1, 92) = 291 + 92 If each unit of q1 costs $5 (p1 = 5) and

An individual's utility function is given by: U (q1, 92) =

An individual's utility function is given by: U (q1, 92) = 291 + 92 If each unit of q1 costs $5 (p1 = 5) and each unit of q2 costs $2 (p2 = 2), which one of the following changes would cause the largest increase in the quantity demanded of q2? O The price of good #2 decreases by 1% O The individual's income increases by 2% The price of good #1 increases by 3%

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