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
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?
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
3rd Edition
1319105564, 978-1319105563
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