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Solve for CV? EV? Ricardo's utility depends on his consumption of good q, and good q2, where the price of good q, is initially $30

Solve for CV? EV?

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Ricardo's utility depends on his consumption of good q, and good q2, where the price of good q, is initially $30 and the price of good q2 is $40. At the original prices, his compensated demand for good q, is 0.4 91 = 10.695 The price of good q, increases from $30 to $45. At the new price, Ricardo's compensated demand for good q, is 0.4 91 =8.386 What is Ricardo's compensating variation? Ricardo's compensating variation (CV) is CV =| . (Enter a numeric response using a real number rounded to two decimal places.) What is Ricardo's equivalent variation? Ricardo's equivalent variation (EV) is EV =

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