Question
When the price of a taco is $1, Nathan's best affordable point is 6 tacos and 2 side salads a day.When the price of a
When the price of a taco is $1, Nathan's best affordable point is 6 tacos and 2 side salads a day.When the price of a taco is $2, his best affordable point is 4 tacos and 1 side of salad a day.Draw a point to show Nathan's quantity of tacos demanded when the price of a taco is $1. Label it 1. Draw a point to show the quantity of tacos demanded when the price of a taco is $2. Label it 2. Draw his demand curve for tacos between these two points. Label it.Part 2Nathan's budget line measures tacos on the x-axis and side salads on the y-axis.
When the price of a taco rises, how does Nathan's budget line change? Does he move to a higher or lower indifference curve?Nathan's budget line _______ and he moves to a _______ indifference curve.
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