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Consider two goods, x and y, and suppose that the prices of these goods are given by P - 10 and P = 15, respectively.
Consider two goods, x and y, and suppose that the prices of these goods are given by P - 10 and P = 15, respectively. Suppose that a consumer's income is given by 1 = 120. What can be said about the bundle b = ( 10, 2) ? O This bundle is affordable, with income left over. This bundle is exactly affordable, with no income left over. O This bundle is not affordable O Cannot be determined without information concerning the consumer's preferences
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