Question: Referring to the figure above, after the decrease in the price of good X and If A (500X, 47Y) B (523X, 27Y) C (513X; 22Y)

Referring to the figure above, after the decrease in the price of good X and If A (500X, 47Y) B (523X, 27Y) C (513X; 22Y)

A RA B P UA UB RB 


Select the correct answer Select one:

a. None of the answers

b. Substitution effect +13X and (-25Y); Income effect: +10X and (+5Y)

c. Substitution effect +13Y and (-25X); Income effect: +10Y and (+25X)

d. Substitution effect +13X and (-25Y); Income effect: +10X and (+25Y)

e. Substitution effect +13X and (+50Y); Income effect: +10X and (-25Y) 

A RA B P UA UB RB

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