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Gregg consumes chocolate candy bars and oranges. He is given 8 candy bars and 4 oranges. He can buy or sell candy bars for $2

Gregg consumes chocolate candy bars and oranges. He is given

8

candy bars and

4

oranges. He can buy or sell candy bars for

$2

each. Similarly, he can buy or sell an orange for

$4.

If Gregg has no other source of income, draw his budget line and write the equation. What is the most he can spend, Y, on these goods?Part 2 Using the line drawing

tool,

graph Gregg's budget constraint. Label this line "L."Part 3Carefully follow the instructions above, and only draw the required object.

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