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The Following Figure Shows a Portion of a Consumer's Indifference

Question 94

Multiple Choice

The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $7 and the consumer's income is $700.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve I.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II.Which of the following points are NOT points on this consumer's demand curve? The following figure shows a portion of a consumer's indifference map and budget lines.The price of good Y is $7 and the consumer's income is $700.Let the consumer begin in utility-maximizing equilibrium at point A on indifference curve I.Next the price of good X changes so that the consumer moves to a new utility-maximizing equilibrium at point B on indifference curve II.Which of the following points are NOT points on this consumer's demand curve?   A) P<sub>x</sub> = $5 and Q<sub>x</sub> = 60 B) P<sub>x</sub> = $10 and Q<sub>x</sub> = 70 C) P<sub>x</sub> = $5 and Q<sub>x</sub> = 70 D) P<sub>x</sub> = $10 and Q<sub>x</sub> = 28 E) a and b are NOT points on demand


A) Px = $5 and Qx = 60
B) Px = $10 and Qx = 70
C) Px = $5 and Qx = 70
D) Px = $10 and Qx = 28
E) a and b are NOT points on demand

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