Given the Indifference Curves for an Individual as Shown Above

question 204

Multiple Choice

Given the indifference curves for an individual as shown above, if the price of good Y = $1, it can be determined that two points on his or her demand curve for good X are

• A)( Pₓ = $1, Qdₓ = 10); ( Pₓ = $2, Qdₓ = 14).
• B)( Pₓ = $1, Qdₓ = 7); ( Pₓ = $0.50, Qdₓ = 14).
• C)( Pₓ = $0.50, Qdₓ = 7); ( Pₓ = $1, Qdₓ = 10).
• D)( Pₓ = $2, Qdₓ = 20); ( Pₓ = $1, Qdₓ = 10).

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