Refer to the data for a consumer whose income = $16. Suppose the price of new product Z is $2 rather than $1. This consumer would purchase
A)three units of Z.
B)four units of Z.
C)two units of Z.
D)more of X, Y, and Z than if the price were $1 for Z.

Question

Refer to the data for a consumer whose income = $16. Suppose the price of new product Z is $2 rather than $1. This consumer would purchase
A)three units of Z. 
B)four units of Z. 
C)two units of Z. 
D)more of X, Y, and Z than if the price were $1 for Z.

Quizplus · Accepted Answer

The Answer of  Refer to the data for a consumer whose income = $16. Suppose the price of new product Z is $2 rather than $1. This consumer would purchase
A)three units of Z. 
B)four units of Z. 
C)two units of Z. 
D)more of X, Y, and Z than if the price were $1 for Z.

Refer to the Data for a Consumer Whose Income =