According to the following graph, if U2 is the maximum attainable utility, the price of X is
The price of Y is $50.
A. $10.
B. $25.
C. $15.
D. $20.
E. none of the above
Answer: C
Economics
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Indicate whether the statement is true or false
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a. True b. False
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a. consumption rises, disposable income falls. b. disposable income rises, consumption rises. c. disposable income rises, consumption falls. d. disposable income rises, saving falls.
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