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Standard XI

Economics

The Budget Line

Suppose a con...

Question

Suppose a consumer has INR 100 to spend on two goods, shoes and shirts. If the price of a pair of shoes is INR 20 per pair and the price of a shirt is INR 15 each, which of the following combinations is unaffordable to the consumer?

0 pairs of shoes and 0 shirts

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2 pairs of shoes and 4 shirts

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5 pairs of shoes and 0 shirts

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0 pairs of shoes and 7 shirts

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Solution

The correct option is D 0 pairs of shoes and 7 shirts
The total price comes to INR 105 (7 shirts $*$ INR 15), which is greater than INR 100.

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Suppose a consumer has INR 100 to spend on two goods, shoes and shirts. If the price of a pair of shoes is INR 20 per pair and the price of a shirt is INR 15 each, which of the following combinations is unaffordable to the consumer?

The correct option is D 0 pairs of shoes and 7 shirtsThe total price comes to INR 105 (7 shirts ∗ INR 15), which is greater than INR 100.

The correct option is D 0 pairs of shoes and 7 shirts
The total price comes to INR 105 (7 shirts $*$ INR 15), which is greater than INR 100.