To move from point M to K, the consumer has to increase the
A.
consumption of X and reduce the consumption of Y
B.
expenditure on Y
C.
expenditure on X
D.
consumption of Y and reduce the consumption of X
Correct Answer: Option D
Explanation
At point M, the consumer consumes more of X, to move to point K, the consumer needs to consumer more of Y and less of X. Point K is the point of equilibrium where the combination of K=M
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