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What is budget said explain what can lead to change in budget set'
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- What is a budget linei will 7 upvoteRefer to the figure at right. Theodore's budget line has changed from A to B. Which of the following explains the change in Theodore's budget line? A. The price of food decreased, and the price of clothing increased. B. The price of food and the price of clothing increased. C. The price of food and the price of clothing decreased. D. The price of food increased, and the price of clothing decreased. E. None of the above.
- Briefly outline and explain some of factors that depend on line amount of a commodity a consumer os prepared to buyAndre has a salary of 1000. He spends his entire salary on shoes and beer. The cost far a pair of shoes is $15 and the cost for a can beer is $25. What is Andre's budget constraint?i will 10 upvote no chatgpt
- I am extremely confused as to what this question is asking. He has a budget that could allow him to get both a coffee and a doughnut so 2 would be the minimum value. I would think. But that's wrong.Question 25 The individual's budget constraint is a. the amount of money she has in the bank c. the maximum amount one good she can consume given her consumption of other goods O d. a line depicting all the possible budgets an individual could have at various occupationsI need help with this question, the second image shows the dropdown options
