(Solved): The figure below shows an uncompensated demand curve \\( f(y, p) \\) and compensated demand curves ...

The figure below shows an uncompensated demand curve \\( f(y, p) \\) and compensated demand curves \\( g(u, p) \\) at initial utility \\( v^{0} \\) and at final utility \\( v^{\\dagger} \\) as the price of a good rises from \\( p^{0} \\) to \\( p^{1} \\). Which of the following correctly describes compensating variation? Select one: a. Compensating variation is \\( A+B+C \\) b. Compensating variation is \\( \\mathrm{A} \\) C. Compensating variation is \\( \\mathrm{B}+\\mathrm{C} \\) d. Compensating variation is \\( A+B \\)