. Suppose that the Walrasian demand for good 1 is given by :r;{p, w) = n: 33:1 for 391 5 $10 and 1'1 = U for 301 :> "2'16\" The original price p? = 4 . An earthquake in San Andreas causes a supply,r shortage and an increase in the price 30% = 5. Wealth w = 1, 000. {a} Compute the area variation [change in consumer surplus) from the price change. (b) Use the Slutsky equation to solve for the compensating variation from the price change. (c) Use the Slutsky equation to solve for the equivalent variation of the price change