Question: Please help The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at

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The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel). The price of good Yis $14. When the price of X increases from point M to point N along the demand curve, it is clear that good X _ (is. is not) a Giffen good because 720 Quantity of Y 444 Price of X M 16.80 Demand for X Q 225 15 380 Quantity of X Quantity demanded of X Multiple Choice Is: the total effect of the price Increase Is negative. O Is: the Income effect reinforces the substitution effect O Is; the Income effect is larger than the substitution effect. O Is not: the substitution effect reinforces the Income effect. O Is not: good X Is an Inferior good

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