Tim buys 2 pizzas and sees 1 movie a week when he has $16 to spend, a

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Tim buys 2 pizzas and sees 1 movie a week when he has $16 to spend, a movie ticket is $8, and a pizza is $4. Draw Tim’s budget line. If the price of a movie ticket falls to $4, describe how Tim’s consumption possibilities change.
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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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