1/2 1/2 Frank's preferences over q₁ and q₂ are given by U (91, 92) = 91 92 and he has an income of Y = 128. The price initial prices are p₁ = 4 and p2 = 16. Suppose that the price of g₁ increases to 13. What are the compensating variation (CV) and the equivalent variation (EV) in absolute value? |CV = 120.56 and |EV = 48 |CV = 102.76 and |EV = 57 |CV=88.76 and |EV = 81 |CV = 19.33 and |EV = 24 |CV = 134.67 and |EV = 123 000

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