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.When the price of X increases from point S to point R along the demand curve,the substitution effect of the price increase is ________.
A)-6
B)-7.5
C)-8
D)-9
E)-10

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.When the price of X increases from point S to point R along the demand curve,the substitution effect of the price increase is ________. 
A)-6 
B)-7.5 
C)-8 
D)-9 
E)-10

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.When the price of X increases from point S to point R along the demand curve,the substitution effect of the price increase is ________. 
A)-6 
B)-7.5 
C)-8 
D)-9 
E)-10

The Figure Below Shows a Consumer Maximizing Utility at Two