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The Figure Below Shows a Consumer Maximizing Utility at Two

Question 43

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 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 $4.50.When the price of X increases from point S to point R along the demand curve,the total effect of the price increase is ________. A) +2 B) +2.5 C) -15.5 D) -18 E) -21


A) +2
B) +2.5
C) -15.5
D) -18
E) -21

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