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The Figure Below Shows a Consumer Maximizing Utility at Two

Question 19

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 total 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 total effect of the price increase is ________. A) -335 B) -425 C) +20 D) +40


A) -335
B) -425
C) +20
D) +40

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