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17. Suppose, U = min[2x1, 3x2] Subject to, 20x,+ 30x2= 1200 Now the price of x2 decreases by 50%. a. Decompose IE, SE, and PE

17. Suppose, U = min[2x1, 3x2] Subject to, 20x,+ 30x2= 1200 Now the price of x2 decreases by 50%. a. Decompose IE, SE, and PE according to Hicks and Slutsky b. Show your analysis in a diagram

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