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Consider a hypothetical consumer named Hayden who is shopping for bread and brie. The graph with bread and brie on the axes presents the utility-maximizing
Consider a hypothetical consumer named Hayden who is shopping for bread and brie. The graph with bread and brie on the axes presents the utility-maximizing combinations of bread and brie that Hayden chooses when the price of bread is $1.00 per loaf and the price of brie is $4.00 and $6.00 per wheel, respectively. The other graph shows Hayden's demand curve for brie. The two points and associated values in the graph for bread and brie combinations correspond to points A and B in the graph of the demand curve for brie. What are the specific prices and quantities of brie associated with points A and B on Hayden's demand curve? price of brie at point B: $ |:I Bread (loaves) 252 15.9 0 7.49 2384 Brie (wheels) Price ($) Quantity (wheels) quantity demanded at point A: |:I quantity demanded at point B: I:I
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