Question: A consumer is in equilibrium at point A in the accompanying figure. The price of good Xis $5. a. What is the price of

A consumer is in equilibrium at point A in the accompanying figure.

A consumer is in equilibrium at point A in the accompanying figure. The price of good Xis $5. a. What is the price of good Y? b. What is the consumer's income? C At point A, how many units of good X does the consumer purchase? Product YA 45 + 40 35 30 25 20 15 + 10 Product X 20 d. Suppose the budget line changes so that the consumer achieves a new equilibrium at point B. What change in the economic environment led to this new equilibrium? Is the consumer better off or worse off as a result of the price change?

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