Exhibit 20-7

Refer to Exhibit 20-7. The price of X is $40 and the price of Y is $80. Assuming that the consumer allocates all of his income to good X, how many units of X will he purchase? (Request: Do not ask the instructor to which graph the question is referring.)
A)40
B)50
C)80
D)90
E)120

Question

Exhibit 20-7 ​

Refer to Exhibit 20-7. The price of X is $40 and the price of Y is $80. Assuming that the consumer allocates all of his income to good X, how many units of X will he purchase? (Request: Do not ask the instructor to which graph the question is referring.)
A)40 
B)50 
C)80 
D)90 
E)120

Quizplus · Accepted Answer

The Answer of Exhibit 20-7 ​

Refer to Exhibit 20-7. The price of X is $40 and the price of Y is $80. Assuming that the consumer allocates all of his income to good X, how many units of X will he purchase? (Request: Do not ask the instructor to which graph the question is referring.)
A)40 
B)50 
C)80 
D)90 
E)120

Exhibit 20-7 ​ Refer to Exhibit 20-7. the Price of X Is $40

Exhibit 20-7 Refer to Exhibit 20-7. the Price of X Is $40