Multiple Choice
Figure 21-13
-Refer to Figure 21-13. When the price of X is $40, the price of Y is $10, and the consumer's income is $80, the consumer's optimal choice is C. Then the price of X decreases to $10. The income effect can be illustrated as the movement from
A) C to E.
B) C to D.
C) D to E.
D) E to C.
Correct Answer:

Verified
Correct Answer:
Verified
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