In the following figure,a consumer faces a market price of X equal to $6,a market price of Y equal to $6,and the consumer's budget is $180.In order for this consumer to choose the corner solution at point E,which of the following must occur?
A)price of X must rise to $18.
B)price of X must fall to $3.
C)price of Y must rise to $9.
D)price of Y must rise to $18.
E)both b and d must occur.

Question

In the following figure,a consumer faces a market price of X equal to $6,a market price of Y equal to $6,and the consumer's budget is $180.In order for this consumer to choose the corner solution at point E,which of the following must occur? 
A)price of X must rise to $18. 
B)price of X must fall to $3. 
C)price of Y must rise to $9. 
D)price of Y must rise to $18. 
E)both b and d must occur.

Quizplus · Accepted Answer

The Answer of In the following figure,a consumer faces a market price of X equal to $6,a market price of Y equal to $6,and the consumer's budget is $180.In order for this consumer to choose the corner solution at point E,which of the following must occur? 
A)price of X must rise to $18. 
B)price of X must fall to $3. 
C)price of Y must rise to $9. 
D)price of Y must rise to $18. 
E)both b and d must occur.

In the Following Figure,a Consumer Faces a Market Price of X