Question: please show simple step by step, thank you. I will upvote. The optimal amount of x1,x2,P1,P2 and income are given by the following: x1=5P13Ix2=5P22I The

please show simple step by step, thank you. I will upvote.

The optimal amount of x1,x2,P1,P2 and income are given by the following: x1=5P13Ix2=5P22I The original prices are: P1=7P2=9 The original income is: I=1163 The new price of P1 is the following: P1=44 Assume that the price of x1 has changed from P1 to P1 '. What is the income effect? Selected Answer: [None Given] Correct Answer: 50.305%

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