=+b. On a graph with weekly roses consumption on the horizontal and other goods on the vertical,
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=+b. On a graph with “weekly roses consumption” on the horizontal and “other goods” on the vertical, illustrate my budget constraint when my weekly income is $125. Then illustrate the change in the budget constraint when income remains $125 per week and the price of roses falls to $2.50. Suppose that my optimal consumption of roses after this price change rises to 50 roses per week and illustrate this as bundle C.
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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