Figure 21-19 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

question 355

Multiple Choice

Figure 21-19
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:

-Refer to Figure 21-19.Assume that the consumer has an income of $40.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips were $4?

• A) P=$2, Q=3
• B) P=$2, Q=9
• C) P=$4, Q=3
• D) P=$4, Q=9

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Definitions:

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An intense and selfish desire for something, especially wealth, power, or food.