Question: Question 13 {1 point} A consumer has a utility function 3 ] (131,171) = 1:141:24 The prices of good 1 and 2 are P1 =

Question 13 {1 point} A consumer has a utility function 3 ] \"(131,171) = 1:141:24 The prices of good 1 and 2 are P1 = P2 = 1 and his income is 1o. Suppose the price of good 1 increases to 2. What is the Slutslog substitution effect of this price increase on the consumer's demand for good 1? C: o Q as Q -s (3 1.5 0 none of the above Question 14 {1 point} Consider the consumer from the previous problem. What is the t":.|utsio,..f income effect of that price increase on the consumer's demand for good 1
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