The Figure Below Shows a Consumer Maximizing Utility at Two

question 105

Multiple Choice

The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel) .The price of good Y is $4.50.When the price of X increases from point S to point R along the demand curve,the income effect of the price increase is ________.

• A)8
• B)10
• C)-8
• D)-10
• E)-12

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