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:
Industry Production
Is the total output of goods and services produced by an industry over a specific period.
Constant-Cost Industry
An industry in which the input costs do not change significantly with changes in output levels, often resulting in stable product prices over time.
Long-Run Equilibrium
A state in which all factors of production and variables in a market are in balance over a longer period, with no external pressures prompting change.
Decrease in Demand
A downward shift in the demand curve, indicating that consumers are willing to purchase less of a good or service at each price point.
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