2. Draw a budget constraint, indifference curves, and the consumer's optimal point for pizza and Pepsi. Show what happens to the budget constraint and the consumer's optimum when the price of pizza increases.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section21.1: The Budget Constraint: What The Consumer Can Afford
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2. Draw a budget constraint, indifference curves, and the consumer's optimal point for pizza and Pepsi. Show what happens to the budget constraint and the consumer's optimum when the price of pizza increases.

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