Bernice's preferences can be represented by u(x,y)=min{x,y}, where x is pairs of earrings and y is dollars to spend on other things. She faces prices (px,py)=(2,1) and her income is 12 . d) In order to be as well-off as she was with her original bundle, her original income would have to rise by how much? How do we call that "variation"? e) What bundle would she choose if she faced the original prices and had just enough income to reach the new indifference curve? Draw the budget line that passes through this bundle at the original prices. How much income would she need at the original prices to have this budget line? f) What is the maximum amount that she would pay to avoid the price increase? How do we call that "variation"? Bernice's preferences can be represented by u(x,y)=min{x,y}, where x is pairs of earrings and y is dollars to spend on other things. She faces prices (px,py)=(2,1) and her income is 12 . d) In order to be as well-off as she was with her original bundle, her original income would have to rise by how much? How do we call that "variation"? e) What bundle would she choose if she faced the original prices and had just enough income to reach the new indifference curve? Draw the budget line that passes through this bundle at the original prices. How much income would she need at the original prices to have this budget line? f) What is the maximum amount that she would pay to avoid the price increase? How do we call that "variation