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Figure 21-21 -Refer to Figure 21-21. Suppose That a Consumer Is Originally

Question 255

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Figure 21-21 Figure 21-21   -Refer to Figure 21-21. Suppose that a consumer is originally at point R. Then the price of good X decreases. Which of the following represents the substitution effect of the price decrease? A) the movement from point R to point S B) the movement from point R to point T C) the movement from point T to point S D) None of the above is correct.
-Refer to Figure 21-21. Suppose that a consumer is originally at point R. Then the price of good X decreases. Which of the following represents the substitution effect of the price decrease?


A) the movement from point R to point S
B) the movement from point R to point T
C) the movement from point T to point S
D) None of the above is correct.

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