Figure 21-22 -Refer to Figure 21-22.When the Price of X Is $80,the

question 299

Multiple Choice

Figure 21-22

-Refer to Figure 21-22.When the price of X is $80,the price of Y is $20,and the consumer's income is $160,the consumer's optimal choice is D.Then the price of X decreases to $20.The substitution effect can be illustrated as the movement from

• A) D to E.
• B) D to C.
• C) C to E.
• D) E to D.

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