Figure 21-6
-Refer to Figure 21-6.Suppose a consumer has $500 in income,the price of a book is $10,and the value of B is 50.What is the price of a DVD?
A) $5
B) $10
C) $50
D) $100

Question

Figure 21-6 
-Refer to Figure 21-6.Suppose a consumer has $500 in income,the price of a book is $10,and the value of B is 50.What is the price of a DVD?
A) $5 
B) $10 
C) $50 
D) $100

Quizplus · Accepted Answer

With income of $500 and a price of $10 for a book, the consumer can purchase a maximum of 50 books ($500/$10 = 50). This uses up the entire value of B, which is 50. Therefore, the consumer has no money left to purchase DVDs, regardless of the price. So, the price of a DVD is irrelevant in this scenario. Thus, the choice of (B) $10 is the correct answer.

Figure 21-6 -Refer to Figure 21-6.Suppose a Consumer Has $500 in Income,the