The consumer faces a budget constraint because the market price of X is $3,the market price of Y is $3,and the consumer's budget is $90.In order for this consumer to choose the corner solution at point E,which of the following must occur?
A)price of X must rise to $6.
B)price of Y must rise to $6.
C)price of X must rise to $9.
D)price of Y must rise to $9.

Question

The consumer faces a budget constraint because the market price of X is $3,the market price of Y is $3,and the consumer's budget is $90.In order for this consumer to choose the corner solution at point E,which of the following must occur? 
A)price of X must rise to $6. 
B)price of Y must rise to $6. 
C)price of X must rise to $9. 
D)price of Y must rise to $9.

Quizplus · Accepted Answer

The Answer of The consumer faces a budget constraint because the market price of X is $3,the market price of Y is $3,and the consumer's budget is $90.In order for this consumer to choose the corner solution at point E,which of the following must occur? 
A)price of X must rise to $6. 
B)price of Y must rise to $6. 
C)price of X must rise to $9. 
D)price of Y must rise to $9.

The Consumer Faces a Budget Constraint Because the Market Price