Read the report carefully and answer the questions based on the report:, Consumer’s Budget, ₹ 100, Price of Good X, ₹ 5 per unit, Price of Good Y, ₹ 10 per unit How much of Good X can the consumer consume if she spends her entire income on that good? Option 1: 5 units Option 2: 10 units Option 3: 15 units Option 4: 20 units

Answer: 20 units. Solution: Total Income/Price of Good X 100/5 = 20

Micro

Consumer Behaviour

Easy

Read the report carefully and answer the questions based on the report:

Consumer’s Budget	₹ 100
Price of Good X	₹ 5 per unit
Price of Good Y	₹ 10 per unit

How much of Good X can the consumer consume if she spends her entire income on that good?

5 units

10 units

15 units

20 units

✅ Correct Option: 4

Total Income/Price of Good X

100/5 = 20

Question 42

How much units of Good Y can the consumer consume if she spends her entire income on that good?

Question 43

In a situation when MRSxy > Px / Py, the consumer would react by:

Question 44

On the basis of given data, the slope of the price line will be _________

Question 45

On the basis of given data above, the correct equation of price line will be.