A consumer is in equilibrium at point A

| October 3, 2018

A consumer is in equilibrium at point A in the accompanying figure. The price of good X is $5.a. What is the price of good Y?b. What is the consumer’s income?c. At point A, how many units of good X does the consumer purchase?.transtutors.com/Transtutors001/Images/Transtutors001_7d582cad-2ba4-47b2-8e43-da09a94d01e6.png”>d. Suppose the budget line changes so that the consumer achieves a new equilibrium at point B. What change in the economic environment led to this new equilibrium? Is the consumer better off or worse off as a result of the pricechange?

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