The consumer's initial budget line is I with income equal to S3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. The quantity of good X at point “B" is equal to and at point "C" is equal to

The consumer's initial budget line is I with income equal to S3000. The budget line then shifts from I to II because of a change in the prices of goods X and Y but no change in income. The quantity of good X at point “B" is equal to and at point "C" is equal to

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Hello, I am having issues solving this practice problem.

500
Budget line I
300
A
200
Budget line II
100 в С
The consumer's initial budget line is I with income equal to $3000. The budget line then shifts
from I to II because of a change in the prices of goods X and Y but no change in income.
The quantity of good X at point "B" is equal to
and at point "C" is equal to

Insufficient information
166.7; 300
150 ; 166.7
200 ; 300
166.7 ; 500

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