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SLICES OF 10 4 3 2 - BC 0 0 1 2 3 4 5 6 SODAS 7 8 9 10 According to the diagram, sodas cost $ each, and pizza costs $ per slice. Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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

SLICES OF 10 4 3 2 - BC 0 0 1 2 3 4 5 6 SODAS 7 8 9 10 According to the diagram, sodas cost $ each, and pizza costs $ per slice. Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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

Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 1PA
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SLICES OF PIZZA 2. Shifts in a budget constraint Gilberto brings $30 to a baseball game to spend on sodas and pizza. The following diagram shows his budget constraint: 3 2 1 10 9 8 7 BC 0 + + + H 0 1 2 3 4 5 6 7 8 9 10 SODAS BC According to the diagram, sodas cost $ each, and pizza costs $ per slice. ? Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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.
Transcribed Image Text:SLICES OF PIZZA 2. Shifts in a budget constraint Gilberto brings $30 to a baseball game to spend on sodas and pizza. The following diagram shows his budget constraint: 3 2 1 10 9 8 7 BC 0 + + + H 0 1 2 3 4 5 6 7 8 9 10 SODAS BC According to the diagram, sodas cost $ each, and pizza costs $ per slice. ? Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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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