Question

1.The table below shows bundles along an indifference curve for two goods
X and Y.

GOODX1 2 3 4 5 6 7
GOODY 30 24 19 15 12 10 9
a) Find out consumer's equilibrium for the above table when Price of
good X is 3/- and price of good Y is 1/-. Give reasons for your answer.
b) Determine the income of the consumer.​

Answer 1

answer- GOOD1 2 3 4 5 6 7+GOOD 30 24 19 15 12 10 9