Figure 21-20 The Following Graph Illustrates a Representative Consumer's Preferences for Marshmallows

question 59

Multiple Choice

Figure 21-20
The following graph illustrates a representative consumer's preferences for marshmallows and chocolate chip cookies:
-Refer to Figure 21-20. 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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Normal Distribution

A statistical distribution where data forms a symmetrical bell-shaped curve around the mean, often found in natural and social phenomena.

Bimodal Distribution

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