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D Question 5 Hayden has preferences over two goods only-beer and pizza. He is able to obtain a great deal so each beer only costs
D Question 5 Hayden has preferences over two goods only-beer and pizza. He is able to obtain a great deal so each beer only costs $5 and each pizza only costs $5. His (optimal) consumption of beer and pizza, at these prices for various income levels is shown in table below: Income Beer Pizza $50 4 6 $70 6 8 $110 12 10 a) Use this information to plot Hayden's income-consumption curve (put beer on the horizontal axis). a vertical line a horizontal line an upward sloping straight line . This curve is [ Select ] an upward sloping curve Which is not a straight line an downward sloping straight line an downward sloping curve which is not a straight line b) Draw Hayden's Engel curves for beer and pizza. a vertical line horizontal line an upward sloping straight line . Engel curve for beer is [Select an upward sloping curve which is not a straight line an downward sloping straight line an downward sloping curve which is not a straight line . Engel curve for pizza is [ Select ] a vertical line horizontal line an upward sloping straight line an upward sloping curve which is not a straight line an downward sloping straight line an downward sloping curve which is not a straight line
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