pose the utility function for goods x and y is given Utility = U(x,y) = 2x+y Suppose price of both x and y is $1. You have total $10 to spend, calculate the amount of good x and y you are willing and able to buy? Suppose price of x changed to $4. Price of y and your disposable income remain the same: i. calculates the change in the amount of good x, that is caused by the substitution effect (the effect on consumption due to a change in price holding real income or utility constant). ii. calculate the change in the amount of good x, th

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