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Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $15 and the price of

Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $15 and the price of good q2 is $30. At the original prices, his compensated demand for good q1 is

q1=27.281(p2/p1)^.4

The price of good q1 increases from $15 to $20. At the newprice, Ricardo's compensated demand for good q1 is

q1=22.985(p2/p1)^.4

What is Ricardo's compensating variation?

Ricardo's compensating variation (CV) is ________

What is Ricardo's equivalent variation?

Ricardo's equivalent variation (EV) is ___________

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