Question

10.Suppose a consumer whose budget is Rs500, wants to consume only two goods, Good X and Good Y. The goods are respectively priced at Rs50 And Rs. 25 respectively. Answer the following questions on the basis of the given information:

(a) State the budget equation of the consumer.

(b) What is the slope of the budget line ?

(c) How many units can she purchase if she spends the entire Rs500 on Good X ?

(d) How many units can she purchase if she spends the entire Rs500 on Good Y, given that the price of good Y has doubled?​

Answer 1

Answer:

A is The correct answerrrrrr