-Refer to the above table. Suppose the price of a movie is $5 and the income of the consumer is $29. What are the quantities demanded of hamburger at prices of $2 and $1 respectively?
A) 0; 1
B) 2; 4
C) 1; 2
D) 3; 5

Question

-Refer to the above table. Suppose the price of a movie is $5 and the income of the consumer is $29. What are the quantities demanded of hamburger at prices of $2 and $1 respectively?
A) 0; 1 
B) 2; 4 
C) 1; 2 
D) 3; 5

Quizplus · Accepted Answer

Given a consumer's income of $29 and the price of a movie being $5, the consumer can spend the remaining $24 on hamburgers after buying one movie ticket. At a hamburger price of $2, the consumer can buy 12 hamburgers ($24/$2), and at a price of $1, the consumer can buy 24 hamburgers ($24/$1). However, without the table mentioned, the correct quantities demanded cannot be directly inferred. The choice provided as correct (B) is based on a typical assumption in consumer choice problems, but without the specific table data, the exact answer might vary. My response assumes a general understanding of budget constraints and consumer choice theory.

-Refer to the Above Table