Question
Suppose the government wants to limit the amount of Good X that is purchased, so they enact a program where the price of Good
Suppose the government wants to limit the amount of Good X that is purchased, so they enact a program where the price of Good X goes up to $4 for any amount of Good X greater than X-10 units. So Px $2 if X 10, but Px $4 for all units of X purchased where X> 10. Draw the consumer's budget constraint. Be sure that your graph is accurate and carefully labeled.
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
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