Multiple Choice
Use the following to answer questions:
Figure: Consumer Equilibrium III
-(Figure: Consumer Equilibrium III) Look at the figure Consumer Equilibrium III. Which of the following statements is TRUE?
A) Q4 indicates the price of placemats.
B) Q8 indicates the price of tamales.
C) Points A and E represent the same level of total utility.
D) Kurt is better off at point E than at point A.
Correct Answer:

Verified
Correct Answer:
Verified
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