Jerry’s burger and magazine budget is $12 a week. The price of a burger is $2, and the price of a magazine is $4.

1. List the combinations of burgers and magazines that Jerry can afford.

2. What is the relative price of a magazine? Explain your answer.

3. Draw a graph of Jerry’s budget line with the quantity of magazines plotted on the x-axis. Describe how his budget line changes if, other things remaining the same, the following changes occur one at a time:

• The price of a magazine falls.

• Jerry’s budget for burgers and magazines increases.