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Which of the following can you infer from the following budget line for a commodity A? BUDGET LINE 900 800 700 600 500 MONEY 400
Which of the following can you infer from the following budget line for a commodity A? BUDGET LINE 900 800 700 600 500 MONEY 400 5, 480 300 200 100 0 0 2 4 6 8 10 11,0 12 COMMODITY A Select one: O a. The price of Commodity A is Rs. 80 O b. There is a "Buy 4, Get 1 Free Offer" on Commodity A O c. None of (a) and (b) O d. Both (a) and (b)In the mask market above, what happens if the government imposes a price cap of Rs. 1 on the masks? Select one: O a. There will be a shortage of masks O b. The producer surplus will shrink O c. There is likely a black market for masks that will develop in Thiruvananthapuram O d. All of the above
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