A consumer has the preferences as shown in the table. If his income is $230, the price of jeans is $20 per pair, and the price of a shirt is $30, how many pairs of jeans would this person buy? Suppose the price of jeans rises to $25. How many jeans would be purchased? Show your results in a demand curve.
$\begin{array}{|c|c|c|}
\hline \text { Unit } & \begin{array}{c}
\text { Marginal Utility } \
\text { of Jeans }
\end{array} & \begin{array}{c}
\text { Marginal Utility } \
\text { of Shirts }
\end{array} \
\hline 1 & 110 & 210 \
\hline 2 & 90 & 195 \
\hline 3 & 85 & 180 \
\hline 4 & 80 & 150 \
\hline 5 & 75 & 120 \
\hline 6 & 50 & 108 \
\hline
\end{array}$

Question

A consumer has the preferences as shown in the table. If his income is $230, the price of jeans is $20 per pair, and the price of a shirt is $30, how many pairs of jeans would this person buy? Suppose the price of jeans rises to $25. How many jeans would be purchased? Show your results in a demand curve.
 $\begin{array}{|c|c|c|}
\hline \text { Unit } & \begin{array}{c}
\text { Marginal Utility } \
\text { of Jeans }
\end{array} & \begin{array}{c}
\text { Marginal Utility } \
\text { of Shirts }
\end{array} \
\hline 1 & 110 & 210 \
\hline 2 & 90 & 195 \
\hline 3 & 85 & 180 \
\hline 4 & 80 & 150 \
\hline 5 & 75 & 120 \
\hline 6 & 50 & 108 \
\hline
\end{array}$

Quizplus · Accepted Answer

The Answer of A consumer has the preferences as shown in the table. If his income is $230, the price of jeans is $20 per pair, and the price of a shirt is $30, how many pairs of jeans would this person buy? Suppose the price of jeans rises to $25. How many jeans would be purchased? Show your results in a demand curve.
 $\begin{array}{|c|c|c|}
\hline \text { Unit } & \begin{array}{c}
\text { Marginal Utility } \
\text { of Jeans }
\end{array} & \begin{array}{c}
\text { Marginal Utility } \
\text { of Shirts }
\end{array} \
\hline 1 & 110 & 210 \
\hline 2 & 90 & 195 \
\hline 3 & 85 & 180 \
\hline 4 & 80 & 150 \
\hline 5 & 75 & 120 \
\hline 6 & 50 & 108 \
\hline
\end{array}$

A Consumer Has the Preferences as Shown in the Table