Understanding Consumer Response to Price Change (Py) through
Demand Curve Y (Dy)
Px
10
10
10
Py
8
12
5
M
80
80
80
x
3,6
3,7
3,5
y
5,5
3,6
9
MUx
18,5
16
29
MUy
14,8
15
14,5
Umax
108,6
98,4
157,5
Py
y
3,
65,
59
Explanation:
The curve above is in accordance with the law of demand, that is, if the price of Py increases,
the demand for good Y decreases. Conversely, if the price of Py falls, the demand for good Y
will increase. DY is a demand curve that connects the intersection point between price (Py) and
quantity of goods (y).