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Graph I Above Shows E

Question 44

Multiple Choice

Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of beer. (I₁, I₂, and I₃ are indifference curves. The price of a package of candy is constant at $1.00.) Letting P<sub>c</sub> represent the price of beer, which demand curve (d) above is consistent with graph I? A) graph A B) graph B C) graph C D) graph D Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of beer. (I₁, I₂, and I₃ are indifference curves. The price of a package of candy is constant at $1.00.) Letting Pc represent the price of beer, which demand curve (d) above is consistent with graph I?


A) graph A
B) graph B
C) graph C
D) graph D

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