Moodle Х Question 7 Figure 1 Quiz na Not yet answered Y 1 2 Marked out of 1.00 6 20 P Flag question Finish a 2191911111

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Moodle Х Question 7 Figure 1 Quiz na Not yet answered Y 1 2 Marked out of 1.00 6 20 P Flag question Finish a 2191911111 18 17 16 15 14 13 OOONOVOOOONOWN C 10 B. 8 12 A 1 lo 16 18 20 X 2 12 14 4 6 8 10

2. 6 8 10 12 14 16 18 20 X Based on figure 1 match the statements from 1 to 4 with the correct answer by indicating which bundle of X and Ythe optimizing consumer will choose to purchase. (select A, B, C, D or none of them) Assume that the consumer depicted in the figure has an income of AED40. If the price of X is AED4 and the price of Y is AED2. Choose... Choose... Choose... Assume that the consumer depicted in the figure has an income of AED 100 and currently optimizes at bundle A. When the price of Y decreases to AED5. Assume that the consumer depicted in the figure has an income of AED40, the price of X is AED2, and the price of Y is AED2. Assume that the consumer depicted in the figure has an income of AED200 and currently optimizes at bundle C. When the price of X increases to AED20. Choose... Next page Previous page