Consider a \"two goods" price taking consumer with exogenously given uniform prices and income where P1 = $28, P2 = $61, and Y = $3,430. Suppose we "measured" the "budget set" (the set of affordable bundles) as the area of the triangle formed by the x-axis, y-axis, and the budget line (see slide 4 of "Week 9 Slides (as posted on the ECO204 site)). In the long-run, what would be the total change in the "budget set\" if all pecuniary parameters decreased by 59%? Please enter the answer to two decimal places (example: "2.04") Hint: The area of a triangle is (0.5)*(Base)*(Height) Consider a "two goods" price taking consumer with exogenously given uniform prices and income Whose prefers to consume good 1 and good 2 as "complements" where she will always combine 5 units of good 1 with 7 units of good 2. Which of the following utility functions represents her preferences? C] U = 5q1 + 7q2 C] U : min(5q1, 799) C] U : min(7q1, 5492) 7 Cl U : (Q1l5(92) C] U = 516 min(7q1, 59'2) Consider a "two goods" price taking consumer with exogenously given uniform prices and income 1 whose preferences are represented by the utility model U = [1n q1 + (12] 3. (By the way, only good 1 is \"logged"). Which of the following UMP "cases" are possible? C] C C] None of the other choices E] D C] B