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# Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of...

## Question

###### Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of...

Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of beer. (I1, I2, and I3 are indifference curves. The price of a package of candy is constant at \$1.00.) Letting PC represent the price of beer, which demand curve (d) above is consistent with graph I?

8 Graphi 12 13 Beer (Bottles) 2 0 Candy (Packages) 2 6 8 P 2.00 P 2.00 2.00 2.00 1.33 1.00 1.33 1.00 1.00 1.33 1.00 d 0 1 2 3 4 Beer (A) 0 1 2 3 4 Beer (B) 0 1 2 3 4 Beer (C) 0 1 2 3 4 Beer (D) Graph I above shows E.T.'s equilibrium combinations of beer and candy for three different prices of beer. (11, 12, and 13 are indifference curves. The price of a package of candy is constant at \$1.00.) Letting Pc represent the price of beer, which demand curve (d) above is consistent with graph I?
Multiple Choice graph C. graph B graph D graph A

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