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Dan's weekly budget is $200. He spends his money on hamburgers and fries. The price of hamburgers is $5, and the price of fries is
Dan's weekly budget is $200. He spends his money on hamburgers and fries. The price of hamburgers is $5, and the price of fries is $5. Suppose the price of fries decreases to $2. The slope of Dan's new budget constraint is -1 which is smaller in absolute value relative to the original budget constraint. The slope of Dan's new budget constraint is -1 which is greater in absolute value relative to the original budget constraint. 0 The slope of Dan's new budget constraint is -2.5 which is smaller in absolute value relative to the original budget constraint. The slope of Dan's new budget constraint is -2.5 which is greater in absolute value relative to the original budget constraint
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