The Figure Below Shows a Consumer Maximizing Utility at Two

question 93

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.What is the consumer's income?

• A)$12,000
• B)$12,200
• C)$12,250
• D)$12,400
• E)$12,600

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Definitions:

Frederick Douglass

An African-American social reformer, abolitionist, orator, writer, and statesman who after escaping from slavery in Maryland, became a national leader of the abolitionist movement.

Quakerism

A Christian religious movement formally known as the Religious Society of Friends, known for its pacifist principles, simplicity, and silent worship.

Slave and Free States

Terms referring to U.S. states before the Civil War, denoting whether they permitted slavery ("slave states") or prohibited it ("free states").

Upper and Lower South

Terms used to differentiate between the geographical regions of the American South, with the Upper South referring to states like Virginia and Tennessee, and the Lower South to states such as Georgia and Alabama.