also write one brief Journal with your own word to explain everything and also solve these questions: Song's budget for coffee and pizza is $100 per month. The price of a cup of coffee is $5 and pizza is $10.

• Draw Song's budget constraint (label the budget constraint "a")
• What is the slope of Song's budget constraint?
• Song's monthly budget for coffee and pizza falls to $80. Illustrate the change on the graph in part a (label the budget constraint "b")
• Based on Song's new monthly budget of $80, the price of pizza falls to $5. Illustrate the change on the graph in a (label the budget constraint "c").

Rubric:

Description:

• Draws Song's budget constraint (labels the budget constraint a).
• Identifies the slope of Song's budget constraint.
• Illustrates the change on the graph in part a (label the budget constraint b) when Song's monthly budget for coffee and pizza falls to $80.
• Illustrates the change on the graph in part a (label the budget constraint c) when the price of pizza falls to $5 (still based on Song's new monthly budget of $80).