Adarsh consumes two commodities X and Y. Prices of the goods are Rs 4 and Rs 5 respectively. Adarsh‟s income is Rs 20.
a. Write the budget equation for him using the above information
b. How many units of good Y can be consumed if Adarsh spends
his entire income on that good?

the answer is b hope you pass

answer; offer in store wine and beer samples;

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.