=+horizontal axis. Label the indifference curve J, and the budget line BL,.

b. The price of notepads falls to $1; the price of cafeteria meals remains the same. On the same diagram, draw Tyrone’s budget line with the new prices and label it BL.

c. Lastly, Tyrone’s income falls to $90. On the same diagram, draw his budget line with this income and the new prices and label it