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Geraldo only consumes bundles of two different spices, cinnamon and nutmeg. In 2022, Geraldo's income is $70, the price of cinnamon is $2/jar, and the
Geraldo only consumes bundles of two different spices, cinnamon and nutmeg. In 2022, Geraldo's income is $70, the price of cinnamon is $2/jar, and the price of nutmeg is $7/jar. In 2023, the price of cinnamon increases to $4/jar and the price of nutmeg falls to $5/jar, but Geraldo's income remain the same. (a) (3 points) What is the equation for Geraldo's budget constraint in 2022? What is the equation for Geraldo's budget constraint in 2023
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