4. Given the indirect utility function:V (P,M) = MP,“P , where P and P, are the prices of two goods X, and X, respectively, and M is the consumer's income. State and demonstrate the Slutsky’s equation

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Extracted text: 4. Given the indirect utility function:V (P,M) = MP,“P , where P and P, are the prices of two goods X, and X, respectively, and M is the consumer's income. State and demonstrate the Slutsky’s equation