d) Eowyn total income is $ 100. Price of dresses = $1 Price of sword ( PI ) = $ 10 so, the budget constraint
d) Eowyn total income is $ 100. Price of dresses = $1 Price of sword ( PI ) = $ 10 so, the budget constraint is P.. s + Pp . D = I 105 + D = 100 Dresus 10D 4 The budget constraint for EDwyn sword D 10The slope of Budget live remains unchanged. () Price of sword goes up to $20. NOW; PS = $20 ; I = 140 and PD = $2 No. e swords = 0' Aswords NO. EX Dresses = 70 AS, MUC
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