sub: microeconomics

**Note: There must be three (3) budget constraints (tables), one for each item, and only one budget line (graph) combining for all the three cases.

1. Johnny Big Knight has allocated Php120 per week to spend on ice tea and bananaque at his favorite Knight's Cafe. Bananaque costs Php8 per stick; ice tea costs Php6 per cup. Determine the budget constraint and draw his budget line.

2. Using data in #1, determine the budget constraint and draw and label a second budget line that shows what happens when the price of bananaque rises to PhpPhp10 per stick.

3. Using data in #1, determine the budget constraint and draw and label a third budget line that shows what happens when the price of bananaque rises to Php10 and JBK's income rises to Php240.