Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $30 and the price of good q2 is $40. At the originalprices, his compensated demand for good q1 is q1=10.695(p2/p1)^0.4.

The price of good q1 increases from $30 to $45. At the newprice, Ricardo's compensated demand for good q1 is q1=8.386(p2/p1)^0.4.

What isRicardo's compensating variationCV=(Enter a numeric response using a real number rounded to two decimalplaces.)

What isRicardo's equivalent variation(EV) is ?