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'3n.3. 16:45 UQEQE ( Expert on Suppose that a consumer has the utility function U(x, y) = xy, where x denotes the quantity of good

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'3n.3. 16:45 UQEQE ( Expert on Suppose that a consumer has the utility function U(x, y) = xy, where x denotes the quantity of good X and y denotes the quantity of good Y . Let the per unit prices be pX = 4 and pY = 'I. Also, suppose that income is m = 100. Show that the consumer's welfare has increased under the income tax scheme as com- pared to the indirect tax scheme. illustrate your answer with a diagram. DD Q DD Home Courses Tools Cr '3

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