=+commutes to work. She can either use public transport or her own car. Her indifference curves obey
Question:
=+commutes to work. She can either use public transport or her own car. Her indifference curves obey the four properties of indifference curves for ordinary goods.
a. Draw Katya’s budget line with car travel on the vertical axis and public transport on the horizontal axis. Suppose that Katya consumes some of both goods. Draw an indifference curve that helps you
Step by Step Answer:
Related Book For
Question Posted: