Suppose you have a monthly income of $600, which you spend on going out to

dinner and on video games. Dinners out cost $40 and video games cost $60.

a. Present the equation for your budget line.

b. Present a graph of your budget set (BS) and budget line (BL).Label each.

c. Show on your graph above how your budget set will change is the price of video games rises to $100. (2)