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Refer to the Following Indifference Map for a Consumer Who

Question 30

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Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4: Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Y and the market prices of X and Y are both $4: After the price of good X increases to $12 while the price of good Y remains $4,how many units of good X would be purchased? A) 0 B) 2 C) 4 D) 8 E) 12 After the price of good X increases to $12 while the price of good Y remains $4,how many units of good X would be purchased?


A) 0
B) 2
C) 4
D) 8
E) 12

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