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The budget constraint below shows: A budget constraint. Brushes are on the x-axis and rockets are on the y-axis. Point 1 is the consumption bundle
The budget constraint below shows: A budget constraint. Brushes are on the x-axis and rockets are on the y-axis. Point 1 is the consumption bundle on the original budget constraint. There is a new budget constraint due to a price change. If the consumer buys only rockets, they can buy the same number. If the consumer buys only brushes, they can buy more. Point 2 is the new consumption bundle. It is up and to the right of point 1. Question 42 options: An increase in the price of brushes. A decrease in the price of brushes. An increase in the price of rockets. A decrease in the price of rockets
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