A consumer has a daily income of $96 and purchases just two goods, burgers, and sodas. the
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Question:
A consumer has a daily income of $96 and purchases just two goods, burgers, and sodas. the price of burgers is $8 and the price of sodas is $2. With burgers on the horizontal axis, draw the budget line for the consumer. calculate the slope of the budget line. How would the budget line change if we increase the price of Sora to $4?
Related Book For
Microeconomics
ISBN: 9781319105563
3rd Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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