Question 1 The average Massachusetts homeowner has a demand function for energy, x1, in KWh (kilowatt hours), 10 X1 = 800 + 10p1 P1 where m = $40,000. The price of energy rises from $0. 10 per KWh to $0.20 per KWh. Calculate the (Slutsky) income and substitution effects. Enter numbers only, and keep two decimals (where needed). * * The original quantity demanded, x1 , is and the new quantity demanded, x 1 , is Compensated income, me, is and Slutsky demand, X1, is The Slutsky income effect is and the Slutsky substitution effect is