Explore BrainMass

Consumer Income

A consumer has income I = 82 and prices of goods X and Y are PX = 2 and PY = 12. The government is considering two alternative tax/subsidy schemes.

© BrainMass Inc. brainmass.com August 18, 2018, 4:03 am ad1c9bdddf


Solution Summary

The expert examines consumer income price of goods. Two alternative tax/subsidy schemes are determined.