3 Shifts In A Budget Constraint Lorenzo Brings 25 To A Basketball Game To Spend On Sodas And Pizza The Following Diag 1 (17.9 KiB) Viewed 31 times
3. Shifts in a budget constraint Lorenzo brings $25 to a basketball game to spend on sodas and pizza. The following diagram shows his budget constraint: ? 10 9 BC 8 7 6 SLICES OF PIZZA 01 5 4 3 2 2 1 BC 0 0 + + + 7 0 0 1 2 3 3 4 8 00 00 8 9 10 5 SODAS
According to the diagram, sodas cost $ each, and pizza costs $ per slice. Adjust the diagram to show how Lorenzo's budget constraint would change if he had brought less money to the arena. (Assume the prices of sodas and pizza remain the same.) Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original position, just drag it a little farther.
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