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Suppose That There Are Two Goods, X and Y

Question 7

Multiple Choice

Suppose that there are two goods, X and Y. The utility function is Suppose that there are two goods, X and Y. The utility function is The price of Y is $2 per unit and the price of X is P. The Hicksian demand curve for X for utility equal to 2,000 units is X = ____. A) 200P<sup>-(1/3) </sup> B) 20P<sup>-(1/3) </sup> C) 200P<sup>(1/3) </sup> D) 20P The price of Y is $2 per unit and the price of X is P. The Hicksian demand curve for X for utility equal to 2,000 units is X = ____.


A) 200P-(1/3)
B) 20P-(1/3)
C) 200P(1/3)
D) 20P

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