The Figure Below Shows a Consumer Maximizing Utility at Two

question 36

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 $4.50.At point R on the demand curve for X,the price of X is $____.

• A)$8
• B)$10
• C)$12.50
• D)$14
• E)$15

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