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Suppose there are some changes of utility caused by price increase. You are given information on Hicksian and Marshallian demand curves as follows: Hicksian at

Suppose there are some changes of utility caused by price increase. You are given information on Hicksian and Marshallian demand curves as follows: Hicksian at new utility: Q=5-0.5P Hicksian at prior utility: Q=7.5-0.5P Marshallian: Q=8-P. What are the values of CV, EV, and MCS? What are the value of WTP and WTA, respectively?

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