Question: In the below figure, a consumer is initially in equilibrium at point C. The consumer??s income is $300, and the budget line through point C

In the below figure, a consumer is initially in equilibrium at point C. The consumer??s income is $300, and the budget line through point C is given by $300 = $50X + $100Y. When the consumer is given a $50 gift certificate that is good only at store X, she moves to a new equilibrium at point D.a. Determine the prices of goods X and Y.b. How many units of product Y could be purchased at point A?c. How many units of product X could be purchased at point E?d. How many units of product X could be purchased at point B?e. How many units of product X could be purchased at point F?f. Based on this consumer??s preferences, rank bundles A, B, C, and D in order from most preferred to least preferred.g. Is product X a normal or an inferiorgood?

Product Y E Product X

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