=+e. We know that CobbDouglas utility functions are part of the CES family of utility functions, with

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=+e. We know that Cobb–Douglas utility functions are part of the CES family of utility functions, with the elasticity of substitution equal to 1. Without doing any math, can you estimate the range of how much Slutsky compensation can exceed Hicksian compensation with tastes that lie within the CES family? (Hint: Consider the extreme cases of elasticities of substitution.)

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