Question: Suppose a utility function is given by U(x1;x2)=x1+x2. The prices are p1=1 and p2=2. Income is $10. Suppose p1 decreases to p'1=0.5. What are going

Suppose a utility function is given by U(x1;x2)=x1+x2. The prices are p1=1 and p2=2. Income is $10. Suppose p1 decreases to p'1=0.5. What are going to be income and substitution effects in this example? Draw a graph to illustrate your answer.

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