(c)-5
10. The figure below shows the budget constraint of a consumer with an income of 900/- to spend on two
commodities, namely ice cream and chocolates.
Cantity of Chocolates
0
x
Quantity of cups of ice cream
The prices of these two commodities respectively are:
(a) * 10 and 20
(b) 20 and 10
(c) 10 and 5
(d) Any of the above.
hinh of the following statements about price elasticity of demand is correct?
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Answer:
the prices are of optionD any of the above
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