Curbing the Demand for Gasoline - In-Class Exercise 3 __________________________________________________________________________________________________ You are responsible for completing this exercise and posting it on Canvas Discussions. Print this exercise and answer the questions in the space provided. __________________________________________________________________________________________________ A. Derive the expenditure function from the indirect utility function (equation 8). Show all your steps and explain in words your logic. B. Define the expenditure function. Illustrate your definition with the example of the Carter gas tax -- its compensation scheme. In addition, refer to Figure 5 from Exercise 2 to illustrate your discussion