Assume an income equation, $24 = $6 Meat + $3 Cheese, and an appropriate indifference curve. Solve the intercept points and graph my budget constraint for these two goods. If you did Entry 10, you may use those numbers.

Let the price of Meat falls from $6 to $5 and then to $4.

Draw the resulting budget constraints (with indifference curves) and derive the Demand Curve for Meat.

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