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1) Ian views playing Wartcraft and drinking soda as perfect complements (one soda with one hour of playing Wartcraft). Currently, soda's are $1 each and

1) Ian views playing Wartcraft and drinking soda as perfect complements (one soda with one hour of playing Wartcraft). Currently, soda's are $1 each and Wartcraft costs $1 per hour. Ian has $12 of income. a. Compute Ian's Compensating Variation if the price of Wartcraft rises to $2. b. Compute lan's Equivalent Variation if the price of Wartcraft rises to $2. c. Compute lan's change in Consumer Surplus if the price of Wartcraft rises to $2

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