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21. Assume an individual has preferences of the form U(x1,X2) = x, + 2x2. Income is 12, the price of Good 2 is 8 and

21. Assume an individual has preferences of the form U(x1,X2) = x, + 2x2. Income is 12, the price of Good 2 is 8 and the price of Good 1 increases from $1 to $2. What is the individuals Compensating Variation? A $2 B. $-2 C. $14 D. $-14

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