Use the following to answer questions:
Figure: Income and Substitution Effects 
-(Figure: Income and Substitution Effects) Refer to the figure. The consumer is initially in equilibrium at Point A then moves to Point B. What is the income effect from the price change?
Definitions:
Materialism
The tendency to consider material possessions and physical comfort as more important than spiritual values.
Ego Needs
Psychological needs related to self-esteem, personal worth, social recognition, and accomplishment.
Limited Membership
A situation or condition where access to a group or organization is restricted to certain individuals.
Affiliation Needs
The human desire or requirement for companionship, belonging, and social interaction.
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