Question: Suppose a consumer views two goods as perfect complements so that her utility function is given by U = min(X,3Y). The price of X is

Suppose a consumer views two goods as perfect complements so that

Suppose a consumer views two goods as perfect complements so that her utility function is given by U = min(X,3Y). The price of X is Px = 1, and the price of Y is Py = 3. Sketch the graph of the Engel curve for good X. Be sure to label your graph carefully

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2. What types of information are we collecting?

5. How quickly can we manage to collect the information?

3. Tactical/strategic information.