3. Next, suppose that Monifas income stays at $100, but the price of concert tiets drops from...

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3. Next, suppose that Monifa’s income stays at $100, but the price of concert tiets drops from $20 to

$12.50 ea.

a. Draw and carefully label both her original and her new budget lines.

b. Can she afford 2 movie tiets and 6 concert tiets aer the price drop?

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Microeconomics In Context

ISBN: 9781138314566

4th Edition

Authors: Neva Goodwin , Jonathan M. Harris, Julie A. Nelson , Pratistha Joshi Rajkarnikar , Brian Roach , Mariano Torras

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Question Posted: Oct 25, 2024 04:01 AM

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3. Next, suppose that Monifas income stays at $100, but the price of concert tiets drops from...

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Microeconomics In Context

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