Multiple Choice
The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $7 and the consumer's income is $700.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve I.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II.Which of the following points are NOT points on this consumer's demand curve? 
A) Px = $5 and Qx = 60
B) Px = $10 and Qx = 70
C) Px = $5 and Qx = 70
D) Px = $10 and Qx = 28
E) a and b are NOT points on demand
Correct Answer:
Verified
Correct Answer:
Verified
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