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​The Following Diagram Shows Ken's Demand Curve for Neckties

Question 50

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​The following diagram shows Ken's demand curve for neckties. Point a on the curve shows that when the price of neckties is $5, Ken purchases four neckties. Point b on the curve shows that when the price of neckties falls to $4, he purchases five neckties. At point b, the dollar value of the total utility is valued at: ​
Figure 6.3

​The following diagram shows Ken's demand curve for neckties. Point a on the curve shows that when the price of neckties is $5, Ken purchases four neckties. Point b on the curve shows that when the price of neckties falls to $4, he purchases five neckties. At point b, the dollar value of the total utility is valued at: ​ Figure 6.3 ​   A) $30. B) $26. C) $20. D) $35. E) $25.


A) $30.
B) $26.
C) $20.
D) $35.
E) $25.

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