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Matthew has Al - Matthew has the utility function of U(X, Y) = X4 Initially PX = 5 PY = 4 1 = 80 Price

Matthew has

Al - Matthew has the utility function of U(X, Y) = X4 Initially PX = 5 PY = 4 1 = 80 Price of Y changes to PY = 2. What is the income effect of this price change on Y? O A. +2.35 O B. +5.865 O C. -2.35 O D. +4.135 O E. None of the above

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