How would you draw the indifference curves for a consumer who considers both goods X and Y as (ii) How should the consumer adjust his consumption plan to attain a utility maximum? current consumption of X and Y makes his marginal rate of substitution equal to 3. ii) If the price of Y now decreases to Rs. 4, and the consumer increases his consumption of X to 65 Engel curve relate to the income elasticity?

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How would you draw the indifference curves for a consumer who considers both goods X and Y as
(ii) How should the consumer adjust his consumption plan to attain a utility maximum?
current consumption of X and Y makes his marginal rate of substitution equal to 3.
ii) If the price of Y now decreases to Rs. 4, and the consumer increases his consumption of X to 65
Engel curve relate to the income elasticity?

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