Jackie's net demands for x and y are (6, -6)and her gross demands are (15, 15).What is her initial endowment of x?
A)16
B)13
C)5
D)9
E)None of the above.

Question

Quizplus · Accepted Answer

Jackie's net demand for x is 6, meaning she wants to consume 6 more units of x than she initially has. Her gross demand for x is 15, which is the total amount she wants to have. To find her initial endowment, subtract her net demand from her gross demand: 15 - 6 = 9.

Jackie's Net Demands for X and Y Are (6, -6)and