Question
Suppose Julia has a budget of $77 that she spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently increased from
Suppose Julia has a budget of $77 that she spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently increased from $8 per person to $11 per person, and the price of roller skating decreased from $8 to $7 per person. What is Julia's new budget constraint?
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Environmental And Natural Resource Economics
Authors: Thomas H Tietenberg, Lynne Lewis
10th Edition
1315523965, 9781315523965
