=+commutes to work. She can either use public transport or her own car. Her indifference curves obey

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=+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

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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