Figure 21-4
-Refer to Figure 21-4. Suppose a consumer has $104 in income, the price of lemonade is $3, and the value of A is 52. What is the price of pretzels?
A)$2
B)$3
C)$5
D)$104

Question

Figure 21-4 
-Refer to Figure 21-4. Suppose a consumer has $104 in income, the price of lemonade is $3, and the value of A is 52. What is the price of pretzels?
A)$2 
B)$3 
C)$5 
D)$104

Quizplus · Accepted Answer

Given the income of $104 and the price of lemonade at $3, along with the value of A being 52, we can deduce the price of pretzels. Since A represents the maximum quantity of pretzels that can be bought with half the income ($52), dividing $52 by the quantity (26) gives a price of $2 per pretzel.

Figure 21-4 -Refer to Figure 21-4. Suppose a Consumer Has $104 in Has