Bernice's Preferences Can Be Represented by the Utility Function, U(x

Multiple Choice

Bernice's preferences can be represented by the utility function, U(x, y) = min{x, y}.She faces prices ($2, $1) , and her income is $12.If prices change to ($3, $1) , the compensating variation

A) equals the equivalent variation.
B) is $2 greater than the equivalent variation.
C) is $2 smaller than the equivalent variation.
D) is $1 greater than the equivalent variation.
E) There is not enough information to determine which variation is larger.