This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: between good x and good y p x x + p y y I Quantity of x Quantity of y The individual can afford to choose only combinations of x and y in the shaded triangle If all income is spent on y , this is the amount of y that can be purchased y p I If all income is spent on x , this is the amount of x that can be purchased x p I...
View
Full Document
 Spring '08
 cunningham
 Utility, available choices

Click to edit the document details