Antonio’s utility function for the goods X and Y is For this utility function, … Show more Antonio’s utility function for the goods X and Y is For this utility function, b. Suppose his monthly income is $1,800 and X and Y both cost $1 per unit. What is his best choice? c. Suppose the price of good X rises to $2 per unit. What is his new best choice? What is the total uncompensated change in X? What is the corresponding substitution effect? What is the corresponding income effect? What is his compensating variation for the price change? d. If you measured the change in consumer surplus from the price change in part (c) using Antonio’s uncompensated (i.e., ordinary) demand curve for good X, would you overstate, understate, or get exactly correct the compensating variation? • Show less