If a consumer has an income of $100, the price of X is $2, and the price of Y is $4, what is the maximum quantity of Y the consumer is able to purchase?
A)400
B)100
C)50
D)25

Name: If a consumer has an income of $100, the price of X is $2, and the price of Y is $4, what is the maximum quantity of Y the consumer is able to purchase? A)400 B)100 C)50 D)25
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Question

Quizplus · Accepted Answer

With $100 and the price of Y being $4, the maximum quantity of Y the consumer can purchase is $100/$4 = 25 units.

If a Consumer Has an Income of $100, the Price