Graph 22-8

-Refer to Graph 22-8. Assume that the consumer depicted in the graph has an income of $20. Using the information above, which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips is $2?
A) $1, eight
B) $1, 14
C) $2, seven
D) $2, three

Question

Graph 22-8
 
-Refer to Graph 22-8. Assume that the consumer depicted in the graph has an income of $20. Using the information above, which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips is $2?
A) $1, eight 
B) $1, 14 
C) $2, seven 
D) $2, three

Quizplus · Accepted Answer

The consumer's demand curve for marshmallows is downward sloping, meaning that she will demand more marshmallows at a lower price. At a price of $2, the consumer will demand seven marshmallows.

Graph 22-8 -Refer to Graph 22-8. Assume That the Consumer Depicted in the Consumer