Referring to the graph below (Figure 1) showing a consumer's budget line (labeled B) for two goods, X and Y, and three different indifference curves (IC1-IC3). IC1 IC3 Figure 1 Using the labels for the points on the map (a, b, c, d, e), which of the following statements is true? O a. IC1 represents the lowest level of utility compared to IC2 and IC3 O b. The consumer is indifferent between points d and e O. Point b is preferred to point a O d. Point e is preferred to Point c