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The Following Figure Shows a Portion of a Consumer's Indifference

Question 37

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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 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


A) 50
B) 100
C) 150
D) -100
E) -150

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