Multiple Choice
The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $17 and the consumer's income is $7,650.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve II.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve I.The income effect of the change in the price of X is
A) 50
B) 100
C) 150
D) -100
E) -150
Correct Answer:

Verified
Correct Answer:
Verified
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