Given the indifference curves for an individual as shown above, if the price of good Y = $1, it can be determined that two points on his or her demand curve for good X are
A)( Pₓ = $1, Qdₓ = 10); ( Pₓ = $2, Qdₓ = 14).
B)( Pₓ = $1, Qdₓ = 7); ( Pₓ = $0.50, Qdₓ = 14).
C)( Pₓ = $0.50, Qdₓ = 7); ( Pₓ = $1, Qdₓ = 10).
D)( Pₓ = $2, Qdₓ = 20); ( Pₓ = $1, Qdₓ = 10).

Question

Given the indifference curves for an individual as shown above, if the price of good Y = $1, it can be determined that two points on his or her demand curve for good X are
A)( Pₓ = $1, Qdₓ = 10); ( Pₓ = $2, Qdₓ = 14). 
B)( Pₓ = $1, Qdₓ = 7); ( Pₓ = $0.50, Qdₓ = 14). 
C)( Pₓ = $0.50, Qdₓ = 7); ( Pₓ = $1, Qdₓ = 10). 
D)( Pₓ = $2, Qdₓ = 20); ( Pₓ = $1, Qdₓ = 10).

Quizplus · Accepted Answer

The Answer of  Given the indifference curves for an individual as shown above, if the price of good Y = $1, it can be determined that two points on his or her demand curve for good X are
A)( Pₓ = $1, Qdₓ = 10); ( Pₓ = $2, Qdₓ = 14). 
B)( Pₓ = $1, Qdₓ = 7); ( Pₓ = $0.50, Qdₓ = 14). 
C)( Pₓ = $0.50, Qdₓ = 7); ( Pₓ = $1, Qdₓ = 10). 
D)( Pₓ = $2, Qdₓ = 20); ( Pₓ = $1, Qdₓ = 10).

Given the Indifference Curves for an Individual as Shown Above