Solved

FIGURE 6- 2
-Refer to Figure 6- 2  Price of X : $1$2 Quantity Demanded of X: ______\begin{array}{ll}\text { Price of } X \text { : }&\$1&\$2\\\text { Quantity Demanded of X: }&\_\_\_&\_\_\_\end{array}

Question 114

Multiple Choice

   FIGURE 6- 2 -Refer to Figure 6- 2. Suppose that the price of Y is $1 and the consumer's income is $10. Initially, the price of X is $2 and the consumer is buying 4 units of good Y. If the price of X then falls to $1, which of the following pairs of quantities of X correctly completes the demand schedule below?  \begin{array}{ll} \text { Price of } X \text { : }&\$1&\$2\\ \text { Quantity Demanded of X: }&\_\_\_&\_\_\_ \end{array}   A)  6, 3 B)  4, 3 C)  4, 4 D)  6, 4 E)  2, 4 FIGURE 6- 2
-Refer to Figure 6- 2. Suppose that the price of Y is $1 and the consumer's income is $10. Initially, the price of X is $2 and the consumer is buying 4 units of good Y. If the price of X then falls to $1, which of the following pairs of quantities of X correctly completes the demand schedule below?  Price of X : $1$2 Quantity Demanded of X: ______\begin{array}{ll}\text { Price of } X \text { : }&\$1&\$2\\\text { Quantity Demanded of X: }&\_\_\_&\_\_\_\end{array}


A) 6, 3
B) 4, 3
C) 4, 4
D) 6, 4
E) 2, 4

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions