Describe the consumption possibilities

Reference no: EM13189214

Amin consumes two goods: X and Y. M is his monetary income, while Px & Py represent the prices of goods X and Y, respectively. Assume that X is an inferior good while Y is a normal good.

Plot his consumption possibilities, for the quantities of Y consumed (on the vertical axis) versus the quantities of X consumed (on the horizontal axis)

Reference no: EM13189214

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