Question: suppose an individual's utility function is U(x,y) = x * y and her total budget is $72. the price of y is always $1 but

suppose an individual's utility function is U(x,y) = x * y and her total budget is $72. the price of y is always $1 but the price of x decreases from $9 to $4. calculate the substitution effect on x and y.

answer choices:

a. -12X; +2Y

b. +3X; +12Y

c. +5X; -0Y

d. +2X; -12Y

e. +3X; -12Y

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