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The Table Shows the Total Utility Data for Products X

Question 81

Multiple Choice

The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. The table shows the total utility data for products X and Y. Assume that the prices of X and Y are $3 and $4, respectively, and that consumer income is $18. If the price of X decreases from $3 to $2, while the price of Y and the consumer's income stay the same, then the utility-maximizing combination is such that the quantity of X A) increases from 2 to 3. B) decreases from 3 to 2. C) stays the same at 2. D) increases from 2 to 4. If the price of X decreases from $3 to $2, while the price of Y and the consumer's income stay the same, then the utility-maximizing combination is such that the quantity of X


A) increases from 2 to 3.
B) decreases from 3 to 2.
C) stays the same at 2.
D) increases from 2 to 4.

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