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The Figure Below Shows a Consumer Maximizing Utility at Two

Question 104

Multiple Choice

The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel) .The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,the substitution effect of the price increase is ________. The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel) .The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,the substitution effect of the price increase is ________. A) -135 B) -140 C) -145 D) -150 E) -155


A) -135
B) -140
C) -145
D) -150
E) -155

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