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Question: 2. Assuming a consumer is facing only two
commodities. Show in graphs the shapes of budget constr...
2. Assuming a consumer is facing only two commodities. Show in graphs the shapes of budget
‘constraints when she has the case:
‘2. Both commodities are bads
'b. One good and one bad
Suppose p2 is constant at $1 but that p, = $1 for < xy < 50 and p, = $2 for x, >
50 (note: both commodities are goods)
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‘Assuming a consumer is facing only two commodities. Show in graphs the shapes of the indifference
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