Question 1. Suppose that a consumer's preferences over bundles of two goods (good 1 and good 2) are represented by utility function U. The consumer has income Y > 0, and the prices of goods 1 and 2 are p, > 0 and p2 > 0. Explain the Slutsky equation for the change in demand for good 1 as the price p, changes. Suppose that this consumer's utility function is U(q1, 92) = ; In (q, ) + ; In (92). Verify the Slutsky equation for this particular case. (12 marks)