From Graph 2-1, what happened to the individual's utility due to the change in the price of steak? O Stayed the same O Increased O Not enough information to tell O DecreasedWhat represents the substitution effect due to the change in the price of steak in Graph 2-1? O Z to X O Z to Y O X to Y O X to Z O Y to Z O Y to XWhat can you say is happening from Graph 2-1 due to the change in the price of steak? The optimal consumption bundle was at X, and now is at Y O The optimal consumption bundle was at Z, and now is at X O The optimal consumption bundle was at Y, and now is at X O The optimal consumption bundle was at Z, and now is at Y O The optimal consumption bundle was at X, and now is at Z O The optimal consumption bundle was at Y, and now is at ZGraph 2-1 below shows the indifference curves and budget constraints for an individual. Suppose that BC, reflects the original prices of the goods along with the income of the consumer. Then, the price of steak changes, but both the price of veggies and income remains the same for the consumer. After the price change of steak, the consumer is now at BC2. Steak BC X BC2 Y IC Z IC2 VeggiesRefer to Graph 2-1. Which of the following statements is true about the substitution effect for veggies? O The price change made veggies relatively more expensive, and thus the consumer purchased less of veggies O The price change made veggies relatively cheaper, and thus the consumer purchased less of veggies O The price change made veggies relatively cheaper, and thus the consumer purchased more of veggies O The price change made veggies relatively more expensive, and thus the consumer purchased more of veggies