A consumer has an income of $200, and the price of X is $5, while the price of Y is $10. If the consumer buys 8 units of X, then the maximum quantity of Y that she could also buy is
A)16
B)18
C)20
D)14

Question

Quizplus · Accepted Answer

The consumer has $200 to spend. She spends $40 on 8 units of X. So, she has $160 left to spend on Y. Since each unit of Y costs $10, she can buy a maximum of 16 units of Y.

A Consumer Has an Income of $200, and the Price