Refer to the Following Graph

question 12

Multiple Choice

Refer to the following graph:
The price of X is $20 and the price of Y is $40.

-How many units of X will the consumer choose if point B is the utility-maximizing choice?

• A) 28
• B) 30
• C) 32
• D) 60
• E) none of the above

---

Definitions:

Northern Societies

Refers to communities or groups located in the northern part of a country or continent, often characterized by specific cultural, economic, and social traits distinct from those in southern regions.

Cotton Prices

The cost or monetary value of cotton on the global or local market, influenced by factors like supply, demand, and global economic conditions.

Economic Policies

Strategies and actions that governments or economic organizations employ to influence the economy of a city, region, or country.

Fluctuated

To vary irregularly; to rise and fall unpredictably or to go through a series of changes in level, intensity, or value.