E Quiz: Chapter 5 Quiz v Question 6 of 8 This quiz: 8 point(s) possible This question: 1 point(s) possible Submit quiz Ricardo's utility depends on his consumption of good q, and good q,, where the price of good q, is initially $15 and the price of good q, is $10. At the original prices, his compensated demand for good q, is 0.4 91 = 112.896 The price of good q, increases from $15 to $30. At the new price, Ricardo's compensated demand for good q, is 0.4 91 = 74.476 What is Ricardo's compensating variation? Ricardo's compensating variation (CV) is CV =]. (Enter a numeric response using a real number rounded to two decimal places.) What is Ricardo's equivalent variation? Ricardo's equivalent variation (EV) is EV =