11 Income & Substitution Effect: 1112 following diagram shows an individual's budget constraint and her optimal consumption bundle including good it and Y before and after a change in the price of one of the two goods. Based on the Information provided In the diagram. select all correct answers. Y Good? Good)! A: Good Y is the good subiect to the price change. B: In the case of an increase in the price of good it. point 6 denotes the individual's initial consumption bundle before the price increase. c: in the case of a reduction in the price of good it, point G denotes the individual's Initial consumption bundle before the price decrease. D: If consumption bundle w denotes the initial situation, both the income effect and the substitution effect are positive. E: If consumption bundle w denotes the initial situation, both the income effect and the substitution effect are negative