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Exhibit a -Refer to Exhibit A. Suppose That the Consumer Must Choose

Question 20

Multiple Choice

Exhibit A
Exhibit A -Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. Suppose that the price of a pair of socks has falls from R50 to R20. 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.
-Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. Suppose that the price of a pair of socks has falls from R50 to R20. 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.

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