Home
Class 11
ECONOMICS
What happens to the budget set if both t...

What happens to the budget set if both the prices as well as income double given that
`P_x`=Rs.4, `P_y`=Rs.5, M=Rs.20 ?

Promotional Banner

Topper's Solved these Questions

  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise VERY SHORT|18 Videos
  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise SHORT ANSWER|16 Videos
  • CONSUMER'S EQUILIBRIUM

    RADHA BHUGANA|Exercise VALUE BASED|4 Videos
  • CONCEPTS OF REVENUE

    RADHA BHUGANA|Exercise Unsolved numericals|4 Videos
  • ELASTICITY OF DEMAND

    RADHA BHUGANA|Exercise Unsolved Numericals|24 Videos

Similar Questions

Explore conceptually related problems

The price of 4 cakes is Rs.20. What is the price of 5 cakes?

A watch is sold at a profit of 20%. If both the cost price and the selling price of the watch are decreased by Rs.100, the profit would be 5% more.Original cost price of the watch is Rs.450 b.Rs.500 c.Rs.600 d.Rs.550

A consumer has total money income of Rs.250 to be spent on two goods X and Y with prices of Rs.25 and Rs.10 per unit respectively.On the basis of the given information , answer the following questions : (a) Given the equation of the budget line for the consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good X ? (d)How does the budget line change if there is a fall in price of good Y ?

A consumer has total money income of Rs.500 to be spent on two goods x and y with prices of Rs.50 and Rs.10 per unit respectively. On the basis of the given information, answer the following question : (a)Give the equation of the budget line for consumer. (b)What is the value of slope of the budget line ? (c )How many units can the consumer buy if he is to spend all his money income on good x ? (d) How does the budget line change if there is a 50% falls in price of good y ?

A part of Rs.9600 is invested at a 5% annual return,while the remainder is invested at a 3% annual return.If the annual income from both portions is the same,what is the total income from the two investments? Rs.320b.Rs.380 c.Rs.410 d.Rs.440 e.none of these