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2. Pidq.' eater Jinan eats only na'les [x] and cereal [1.] for breakfast. Her preferences are described by I1{.1c. y} lx 243:. {a} If her

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2. Pidq.' eater Jinan eats only na'les [x] and cereal [1.] for breakfast. Her preferences are described by I1{.1c. y} lx 243:. {a} If her income is $48 and prices are p: = p? = $. how much of each food will she consume? {b} If the price of cereal increases to $3. calculate .linan's compensating and equivalent variations. Comment on your results. Use a graph to show all your results

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