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Figure 21-20 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

Question 59

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Figure 21-20
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies: Figure 21-20 The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:   -Refer to Figure 21-20. Assume that the consumer has an income of $40. Based on the information available in the graph, which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips were $4? A) P=$2, Q=3 B) P=$2, Q=9 C) P=$4, Q=3 D) P=$4, Q=9
-Refer to Figure 21-20. Assume that the consumer has an income of $40. Based on the information available in the graph, which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips were $4?


A) P=$2, Q=3
B) P=$2, Q=9
C) P=$4, Q=3
D) P=$4, Q=9

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