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The Figure Below Shows a Consumer Maximizing Utility at Two

Question 103

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 $4.50.When the price of X increases from point S to point R 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 $4.50.When the price of X increases from point S to point R along the demand curve,the substitution effect of the price increase is ________.   A) -6 B) -7.5 C) -8 D) -9 E) -10


A) -6
B) -7.5
C) -8
D) -9
E) -10

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