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    Principles of Economics Study Set 12
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    Exam 5: The Demand Curve and the Behavior of Consumers
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    Exhibit 5A-1 -Refer to Exhibit 5A-1. If Income for This Individual Is
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Exhibit 5A-1 -Refer to Exhibit 5A-1. If Income for This Individual Is

Question 70

Question 70

Multiple Choice

Exhibit 5A-1 Exhibit 5A-1   -Refer to Exhibit 5A-1. If income for this individual is $120 and the individual is consuming at point B, the price of X is ____ and the price of Y is ____. A) $2.40; $1.20 B) $1.20; $2.00 C) $2.40; $2.00 D) $2.00; $2.40 E) $1.20; $2.40
-Refer to Exhibit 5A-1. If income for this individual is $120 and the individual is consuming at point B, the price of X is ____ and the price of Y is ____.


A) $2.40; $1.20
B) $1.20; $2.00
C) $2.40; $2.00
D) $2.00; $2.40
E) $1.20; $2.40

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