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Suppose there are only two goods, good X and a composite good. A rational consumer with...

Suppose there are only two goods, good X and a composite good. A rational consumer with a weekly income of $100 consumed 5 units of good X when the price of good X is $10 per unit. Suppose now the price of good X has decreased to $5 per unit.

Draw the price-consumption curve (PCC) of this consumer assuming good X is a price-elastic good. Add a brief explanation about the shape of your PCC (that is, why it is horizonal line, or upward sloping or downward sloping).

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