Economics 9708 · AS & A Level · Income elasticity of demand

Income elasticity of demand — practice question

A worker is able to produce 10 hats or 5 pairs of shoes in a day. In the market, the selling price of three hats is the same as that of two pairs of shoes. The worker ought to make

  • A4 hats and 3 pairs of shoes daily.
  • B6 hats and 2 pairs of shoes daily.
  • Chats only.
  • Dshoes only.

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