The nearby graph shows Charlie's budget constraint for purchases of shoes and purses. Number of 12 purses 10 8 6 4 2 0 Budget line with discount Budget line no discount 0.5 1 2 2.5 Number of pairs of shoes 1.5 If Charlie's monthly budget for shoes and purses is $100 and they buy more than 2 purses, the price of purses is $ _ (Enter your answer as integers without the dollar sign.)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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The nearby graph shows Charlie's budget constraint for purchases of shoes and purses.
Number of 12
purses
10
8
6
4
2
0
Your answer
Budget line
with discount
Budget line
no discount
0.5
1
1.5
2 2.5
Number of
pairs of shoes
If Charlie's monthly budget for shoes and purses is $100 and they buy more than 2 purses, the
price of purses is $. _. (Enter your answer as integers without the dollar sign.)
Transcribed Image Text:The nearby graph shows Charlie's budget constraint for purchases of shoes and purses. Number of 12 purses 10 8 6 4 2 0 Your answer Budget line with discount Budget line no discount 0.5 1 1.5 2 2.5 Number of pairs of shoes If Charlie's monthly budget for shoes and purses is $100 and they buy more than 2 purses, the price of purses is $. _. (Enter your answer as integers without the dollar sign.)
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