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

question 359

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 depicted the figure has an income of $50.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for chocolate chips if the price of marshmallows is $2.50?

• A) P=$2.50, Q=6
• B) P=$2.50, Q=10
• C) P=$5.00, Q=3
• D) P=$5.00, Q=5

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