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,the total effect of the price increase is ________.
A)-335
B)-425
C)+20
D)+40

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,the total effect of the price increase is ________. 
A)-335 
B)-425 
C)+20 
D)+40

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,the total effect of the price increase is ________. 
A)-335 
B)-425 
C)+20 
D)+40

The Figure Below Shows a Consumer Maximizing Utility at Two