Multiple Choice
The price of X is $20 and the price of Y is $40. 
-According to the following graph,at point B, 
The consumer's income is $1,200.
A) the rate at which the consumer is willing to substitute X for Y is greater than it is at point A.
B) the consumer is willing to give up more Y in order to gain an extra unit of X than at point A.
C) the consumer will receive more Y for each unit of X exchanged in the market than at point A.
D) both a and b
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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