Abduls Utility Is U(X A, Y A)= Min{X A, Y

Multiple Choice

Abduls utility is U(X A, Y A) = min{X A, Y A}, where X A and Y A are his consumptions of goods X and Y respectively.Babettes utility function is U(X B, Y B) = X B Y B, where X B and Y B are her consumptions of goods X and Y.Abduls initial endowment is no units of Y and 5 units of X.Babettes initial endowment is no units of X and 11 units of Y.If X is the numeraire good and p is the price of good Y, then supply will equal demand in the market for Y if

A) 11/(p + 1) + 2.50 = 11.
B) 5/(p + 1) + 5.50 = 11.
C) 11/5 = p.
D) min{5, 11} + 5/2p = 11.
E) min{5, 11} + 11/2p = 11.