Refer to Exhibit 4

Multiple Choice

Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is €100. Suppose that the price of a pair of socks has falls from €5 to €2. The income effect is represented by the movement from point? ​ ​

A) Y to point X.
B) X to point Z.
C) X to point Y.
D) Z to point X.