The below graph illustrates Charlie's preferences for two goods: milk and bread. The indifference map is represented by the three red indifference curves and the three budget constraints correspond to three different bread prices. Which of the following statements is true? 4d.3 a. Point C is the least preferred by Charlie and occurs at the lowest price of milk b. Point B occurs at a higher milk price and is less preferred by Charlie than point C c. Point A occurs at a higher bread price and is more preferred by Charlie than point B d. Point C occurs at a higher bread price and shows a lower quantity demanded for bread than point B