1. A consumer has income of RM3000. orange juice costs RM3 a glass, and chicken rice costs RM6 a plate. Draw the consumer's budget constraint. what is the slope of this budget constraint. 2. Draw a consumer's indifference curves for orange juice and chicken rice. describe and explain four properties of these indifference curves.

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Revealed Preferences and Budget Constraint Analysis

Revealed means “Let Out,” and Preference means “Choice”; Choice Reveals Preference.