Answer to Question #225705 in Microeconomics for mukti

Question

Let’s say there are two goods X and Y (respectively draw in x-axis and y-axis). Assume, X is

a normal good and Y in an inferior good. If price of X is reduced, show the income and

substitution effect in the graph and explain. 

Answer 1

Make a note that you're overspending your budget and that you need to continue to watch this metric closely over the next couple of months.

The best way will be to observe the product development part. And see what will happen in the next few months. If things become normal then I will carry on with the actual plan but if some irregularities arise then I will get in touch with the management. But initially I will keep an eye on the project management metrics.