Answer to Question #198318 in Microeconomics for Ozra

Question

if the price of commudity y= 2 and price x=5 and income = 30 how many units the consumer can buy from each one

Answer 1

If the consumer spends all his income on commodity Y

i.e x=0

the consumer can buy $\frac{30}{2}$ units of Y

Therefore if the consumer spends all income on commodity Y, they can buy 15 units of Y

If the consumer spends all his income on commodity X

i.e Y=0

the consumer can buy $\frac{30}{5}$ units of X

Therefore if the consumer spends all income on commodity X, they can buy 6 units of X