The diagram contains two indifference curves and two budget lines for goods X and Y. The consumer’s starting position is at point F. The consumer’s preferred end position is point H. What does the shift from F to G indicate?
- 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