An individual has preferences over two goods (x and y) that are represented by the utility function

U = min { x , y }

The individual has income $60, the price of x is $4 and the price of good y is $2.

Consider the price change in the above questions (i.e. the price of x decreasing from $4 to $2).What are theTotal Effect,Income EffectandSubstitution Effectfor this price change?(hint: draw the graph... one of these effects is zero).