On an indifference curve diagram, illustrate the compensating variation from a reduction in the price of a good with a zero income effect. A3-02 A consumer has utility function u=x1/3y1/3z1/3. The price of each of the goods is 10 . The consumer's income is 240 . The price of z increases to 20 . Find the equivalent variation. A3-03 Is the compensating variation of a price decrease always smaller than the equivalent variation or always larger, or sometimes one and sometimes the other? On an indifference curve diagram, illustrate the compensating variation from a reduction in the price of a good with a zero income effect. A3-02 A consumer has utility function u=x1/3y1/3z1/3. The price of each of the goods is 10 . The consumer's income is 240 . The price of z increases to 20 . Find the equivalent variation. A3-03 Is the compensating variation of a price decrease always smaller than the equivalent variation or always larger, or sometimes one and sometimes the other