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The following plot shows the impact of a change in the price of good x from $ 1 0 0 to $ 1 5 0

The following plot shows the impact of a change in the price of good x from $100 to $150 on the average consumer. Good Y's price
remained constant at $150. Answer the following questions given the numbers in the plot below.
The consumer's budget for x and Y is $
(x,x)
The substitution effect on consumption of x due to the price increase is
x.
The income effect on consumption of x due to for the price increase is
x.
The good is a(n)
(inferior/normal/neuter) good.
The total effect of the price change on consumption of x is
x.
The substitution effect is
(always/sometimes/never) negative.
The income effect is
(always/sometimes/never) negative.
The MRS before the price increase was -
(x.xx)
The MRS after the price increase was -
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