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Figure 21-19 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 359

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Figure 21-19
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:
Figure 21-19 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:    -Refer to Figure 21-19.Assume that the consumer depicted the figure has an income of $50.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for chocolate chips if the price of marshmallows is $2.50? A)  P=$2.50, Q=6 B)  P=$2.50, Q=10 C)  P=$5.00, Q=3 D)  P=$5.00, Q=5
-Refer to Figure 21-19.Assume that the consumer depicted the figure has an income of $50.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for chocolate chips if the price of marshmallows is $2.50?


A) P=$2.50, Q=6
B) P=$2.50, Q=10
C) P=$5.00, Q=3
D) P=$5.00, Q=5

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