Question

1) Blessy need a pencil, hence she would like to
buy a pencil, her budget is 10rs, the moment she
reached shop, and she found that pencil price raised
by 2rs. Using this information, what do you think that
whether Blessy will buy it? What will happen cross
elasticity of pencil and income elasticity?
What will happen price elasticity?​

Answer 1

Answer:

blessy had 10 rs

when she went to shop 2rs was raised

so total cost of pencil is 12rs