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Q10. (10 points) Finally, let's go back to the original setup without the offer on jeans. Suppose, instead, Ms. A has a $30 gift
Q10. (10 points) Finally, let's go back to the original setup without the offer on jeans. Suppose, instead, Ms. A has a $30 gift card that she can only use for purchasing jeans. Draw the budget constraint for Ms. A. As before, make jeans good 1 and T-shirts good 2. Make sure to label all critical points. Suppose there are only two goods: T-shirt and jeans. Suppose Gumball has $120 to spend on both items. The price of a pair of jeans is $30 and the price of a T-shirt is $15. Use this information for all the questions Q6- Q10 below.
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