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A consumer's utility function is U(x,y) = x^4 * y^5. The consumer's income is 4,880 EUR,...

A consumer's utility function is U(x,y) = x^4 * y^5. The consumer's income is 4,880 EUR, the price of product x is 32 EUR, and the price of product y is 43 EUR. Assume that the price of product y changes to 63.

Applying the Slutsky decomposition, calculate the income effect of the price change on product y.

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