New Enroll for RBI, PFRDA & NABARD Intro Class! April 18 at 9:15 PM

    Question

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    A equal amount of x, y is consumed Correct Answer Incorrect Answer
    B consumption of x is more than y Correct Answer Incorrect Answer
    C consumption of y is more than x Correct Answer Incorrect Answer
    D Cannot say Correct Answer Incorrect Answer

    Solution

    It depends on income. If income is so low that we can’t get optional amount of X then only X and if income is enough to consume both goods at optimal level then we can consume both. They can be equal when income is such that we are consuming optional X, which is matching with optimal Y. Hence the option cannot say is correct.

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