The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,$___________ of income must be temporarily given to the consumer to isolate the substitution effect.
A)$10,080
B)$10,160
C)$10,240
D)$10,300
E)$10,380

Question

The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,$___________ of income must be temporarily given to the consumer to isolate the substitution effect. 
A)$10,080 
B)$10,160 
C)$10,240 
D)$10,300 
E)$10,380

Quizplus · Accepted Answer

The Answer of The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.When the price of X increases from point M to point N along the demand curve,$___________ of income must be temporarily given to the consumer to isolate the substitution effect. 
A)$10,080 
B)$10,160 
C)$10,240 
D)$10,300 
E)$10,380

The Figure Below Shows a Consumer Maximizing Utility at Two