e2 12 L L2 LI good x -h a b C P e Which of the following statements is false? Bundle e* is not affordable before or after the price change Indifference curves l1 and 12 have the same slope at bundles e2 and e* The consumer prefers bundle e1 to bundle e2 The consumer prefers bundle e1 to bundle e* QUESTION 2 The substitution effect of the price change is equal to the change from c to b the change from c to a the change from b to a Onone of the aboveQUESTION 1 Questions 1-4 relate to the following diagram in which the price of good x has increased. Points e1, e*, and e2 occur at tangencies between an indifference curve and a straight line. L* is a hypothetical budget constraint and it is parallel to L2. good y m n e el e2 12 L L2 LI good x a b cd e Which of the following statements is false?Onone of the above QUESTION 3 The total effect of the price change is equal to the change from c to b the change from c to a the change from b to a none of the above QUESTION 4 Good x is best described as a(n) inferior good normal good Giffen good ordinary good