The diagram illustrates two indifference curves and two budget lines for goods X and Y. The consumer’s starting position is point F. The consumer’s desired ending position shifts to point H. What is represented by the movement from F to G?
- Athe income effect of a price fall for X
- Bthe price effect of a price change for X
- Cthe substitution effect of a price fall for X
- Dthe substitution effect of a price rise for X