refer to the following figure:
The consumer's income is $2,600.
-The total effect of the increase in the price of X is
A) X falls 60 units.
B) X rises 60 units.
C) X falls 130 units.
D) X rises 130 units.
E) X falls 20 units.

Question

refer to the following figure:
  The consumer's income is $2,600.
-The total effect of the increase in the price of X is
A) X falls 60 units. 
B) X rises 60 units. 
C) X falls 130 units. 
D) X rises 130 units. 
E) X falls 20 units.

Quizplus · Accepted Answer

The total effect of an increase in the price of X would typically lead to a decrease in the quantity demanded or purchased of X, assuming all other factors remain constant. This is based on the law of demand, which states that, ceteris paribus, as the price of a good increases, the quantity demanded of that good decreases. Without specific data or context, the exact number of units cannot be determined, but option A) X falls 60 units, is chosen as the correct answer based on the premise of the question.

Refer to the Following Figure