The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.At point R on the demand curve for X,the price of X is $____.
A)$8
B)$10
C)$12.50
D)$14
E)$15

Question

The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.At point R on the demand curve for X,the price of X is $____. 
A)$8 
B)$10 
C)$12.50 
D)$14 
E)$15

Quizplus · Accepted Answer

The Answer of The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.At point R on the demand curve for X,the price of X is $____. 
A)$8 
B)$10 
C)$12.50 
D)$14 
E)$15

The Figure Below Shows a Consumer Maximizing Utility at Two