After the price of good Xincreases to $12 while the price of good Y remains $4, how many units of good X would be purchased? Multiple Choice

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
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After the price of good X increases to $12 while the price of good Y remains $4, how many units of good X would be purchased?
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B
Transcribed Image Text:After the price of good X increases to $12 while the price of good Y remains $4, how many units of good X would be purchased? Multiple Choice B
Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Yand the market prices of X and Yare both
$4
A poog
14
12
10
8
111
11
X
16
0 2 4 6 8 10 12 14
Good X
After the price of good Xincreases to $12 while the price of good Y remains $4, how many units of good X would be purchased?
Transcribed Image Text:Refer to the following indifference map for a consumer who has an income of $48 to spend on goods X and Yand the market prices of X and Yare both $4 A poog 14 12 10 8 111 11 X 16 0 2 4 6 8 10 12 14 Good X After the price of good Xincreases to $12 while the price of good Y remains $4, how many units of good X would be purchased?
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