The Figure Below Shows a Consumer Maximizing Utility at Two

question 19

Multiple Choice

The figure below shows a consumer maximizing utility at two different prices (the left panel) and the consumer's demand for good X at the same two prices of good X (the right panel) .The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,the total effect of the price increase is ________.

• A)-335
• B)-425
• C)+20
• D)+40

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Definitions:

Action Potential

A sudden, temporary reversal of the electrical charge across a cell membrane, which travels along neurons to transmit signals.

Sodium

A chemical element with the symbol Na, essential for many bodily functions, including the regulation of blood pressure and fluid balance.

Potassium

A chemical element with symbol K, essential for various cellular processes including the regulation of heartbeat and muscle function.

Tetrodotoxin

A potent neurotoxin found in pufferfish and some other marine species that blocks nerve conduction by inhibiting sodium ion channels.