9) The satisfaction obtained by a consumer of good 1 and good 2 can be represented by the utility function u (X1, X2) = X1 + 2X2 If the price of good 1 is p1 = 2 and the price of good 2 p2 = 3 its income is positive, then Choose one: A)The consumer will demand a positive amount of good 2 and will not demand anything good 1 B)The consumer will demand) a positive amount of good 1 1 will not demand anything good 2 C)The consumer will demand a positive amount but not necessarily the same amount of both goods. D)We cannot make any statement as to the quantity demanded of each good

Microeconomics A Contemporary Intro
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Chapter6: Consumer Choice And Demand
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9) The satisfaction obtained by a consumer of good 1 and good 2 can be represented by the utility function u (X1, X2) = X1 + 2X2

If the price of good 1 is p1 = 2 and the price of good 2 p2 = 3 its income is positive, then

Choose one:

A)The consumer will demand a positive amount of good 2 and will not demand anything good 1

B)The consumer will demand) a positive amount of good 1 1 will not demand anything good 2

C)The consumer will demand a positive amount but not necessarily the same amount of both goods.

D)We cannot make any statement as to the quantity demanded of each good

E)The consumer will demand an equal (positive) amount of both goods

 

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