=+goods. Suppose that, for Pam, Spam is an inferior, but not a Giffen, good; bread is a normal good. Bread costs $2 per loaf, and Spam costs $2 per can. Pam has $20 to spend.

a. Draw a diagram of Pam’s budget line, placing Spam on the horizontal axis and bread on the vertical axis. Suppose her optimal consumption bundle is 4 cans of