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Katya commutes to work. she can either use public transport or her own car. her indifference curves obey the four properties of indifference curves for ordinary goods. now suppose the price of public transport
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Katya commutes to work. she can either use public transport or her own car. her indifference curves obey the four properties of indifference curves for ordinary goods. now suppose the price of public transport falls. katya's new budget line is ___.

User Mayada
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The budget line will now look like this.
Katya commutes to work. she can either use public transport or her own car. her indifference-example-1
User Gorkhali Khadka
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