Question

Quantity of Hamburgers/WkTotal UtilityQuantity of Movies/WkTotal Utility
1401400
2602700
3763850
4864950
59151000
69361025

Refer to the above table. The price of a hamburger is $2, the price of a movie is $10, and the consumer has $44. What is the change in quantity demanded of hamburgers if the price of a hamburger decreases to $1?

A) Quantity demanded increases by 1 hamburger.

B) Quantity demanded increases by 2 hamburgers.

C) Quantity demanded increases by 3 hamburgers.

D) Quantity demanded increases by 4 hamburgers.

Answer

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