Consider an individual with income I who consumes two goods x and y, with prices pr and py respectively. If the individual has Cobb-Douglas preferences, then the indirect utility function and the expenditure function are given by: V ( Px, P, , I)= 0.51 and E(Px , P, ,U)= 2UPxPy VP xPy where U stands for a given level of utility. Assume that initially 1=16, px =1, and py =4. Use the information provided to compute the CV and EV for an increase in pr from 1 to 4