A.Mark has $200 per month to spend on movie tickets (M) and theater tickets (T); movie tickets cost $10 each, and theater tickets cost $50 each.

B.With theater tickets on the horizontal axis, draw Mark's budget constraint and indicate the horizontal and vertical intercepts.

C.Suppose Mark currently purchases 3 theater tickets. Indicate this choice on the graph with the letter A and draw an indifference curve.

D.Now, suppose the price of theater tickets rises to $80. Mark now purchases two theater tickets. Indicate this point with the letter B and draw a new indifference curve.

E.Finally, suppose the price of theater tickets rises again to $100. Mark purchases one theater ticket. Indicate this point with the letter C and draw a new indifference curve.

F.Draw a new diagram showing Mark's demand curve for theater tickets.