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Suppose that Will's preferences are represented by the following: u left parenthesis x comma y right parenthesis equals 30 ln left parenthesis x right parenthesis

Suppose that Will's preferences are represented by the following: u left parenthesis x comma y right parenthesis equals 30 ln left parenthesis x right parenthesis plus y. space Suppose that the price of good x is $5, the price of good y is $1 and income is $40. If the price of good x rises to $6, what is the income effect on good x? 0 -1 -2 -5

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