To move from point M to K, the consumer has to increase the
- consumption of X and reduce the consumption of Y
- expenditure on Y
- expenditure on X
-
consumption of Y and reduce the consumption of X
The correct answer is: 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