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

question 101

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 substitution effect of the change in the price of X is

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