Question: Chris's preference is given by u(1, 22) = min {x1, 2x2}. Currently, prices are p = (2, 6) and Pat's income is I = 30.

 Chris's preference is given by u(1, 22) = min {x1, 2x2}.

Currently, prices are p = (2, 6) and Pat's income is I

Chris's preference is given by u(1, 22) = min {x1, 2x2}. Currently, prices are p = (2, 6) and Pat's income is I = 30. Is she better off if the price of good one is halved so that p = (", p2), or if her income is doubled to 2/? By how much (in terms of utility value) will she be better off

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