Figure 21-11
-Refer to Figure 21-11.Assume that the consumer depicted in the figure has an income of $40.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips is $4?
A) P=$2,Q=3
B) P=$2,Q=9
C) P=$4,Q=3
D) P=$4,Q=9

Question

Figure 21-11 
-Refer to Figure 21-11.Assume that the consumer depicted in the figure has an income of $40.Based on the information available in the graph,which of the following price-quantity combinations would be on her demand curve for marshmallows if the price of chocolate chips is $4?
A) P=$2,Q=3 
B) P=$2,Q=9 
C) P=$4,Q=3 
D) P=$4,Q=9

Quizplus · Accepted Answer

The consumer's budget constraint is $40, and with chocolate chips priced at $4, the remaining budget for marshmallows allows for the combination where P=$2 and Q=9.

Figure 21-11 -Refer to Figure 21-11.Assume That the Consumer Depicted in the Depicted