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For the following situations, we consider an economy with two consumers 1 and 2 and a two consumption goods (x) and (y). 1is endowed with 10 units of x and 2 is endowed with 10 units of y ui (21,41, 22, Y2) = x1 + yi - 22 - y2 U2 (21, 41, 22, Y2) = max{21, 41, 22, y2} Q7.1 1 Point What is the competitive equilibrium price vector? P PM = Enter your answer here Save Answer Q7.2 1 Point How much does consumer 1 consume in a competitive equilibrium. x1 = Enter your answer here yi = Enter your answer here Save Answer Q7.3 1 Point Is the equilibrium allocation Pareto efficient? O yes O no Save Answer For the following situations, we consider an economy with two consumers 1 and 2 and a two consumption goods (x) and (y). 1is endowed with 10 units of x and 2 is endowed with 10 units of y ui (21,41, 22, Y2) = x1 + yi - 22 - y2 U2 (21, 41, 22, Y2) = max{21, 41, 22, y2} Q7.1 1 Point What is the competitive equilibrium price vector? P PM = Enter your answer here Save Answer Q7.2 1 Point How much does consumer 1 consume in a competitive equilibrium. x1 = Enter your answer here yi = Enter your answer here Save Answer Q7.3 1 Point Is the equilibrium allocation Pareto efficient? O yes O no Save