Y 500 Budget line I 300 A 200 Budget line II X 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. while the price of good X along budget line I The price of good Y along budget line I is $_ is $
Y 500 Budget line I 300 A 200 Budget line II X 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. while the price of good X along budget line I The price of good Y along budget line I is $_ is $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hello, I am having issues solving this practice problem.
![Y
500
Budget line I
300
200
Budget line II
> x
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 price of good Y along budget line I is $
is $
while the price of good X along budget line I](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F889b55a3-4b0d-4f2a-8b5e-b4e693e967b2%2F2917f1c4-a1bb-48ed-a888-0b93b467f247%2Fmnf3ri_processed.png&w=3840&q=75)
Transcribed Image Text:Y
500
Budget line I
300
200
Budget line II
> x
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 price of good Y along budget line I is $
is $
while the price of good X along budget line I
![10; 10
6; 12
3; 9
6; 18
Insufficient information](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F889b55a3-4b0d-4f2a-8b5e-b4e693e967b2%2F2917f1c4-a1bb-48ed-a888-0b93b467f247%2Fie9hlhy_processed.png&w=3840&q=75)
Transcribed Image Text:10; 10
6; 12
3; 9
6; 18
Insufficient information
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