Given that Tebogo's income is P1800 price of food is P30 and price of entertainment is P40, Draw tebogos budget line. e.Using a diagram, show what woul happen to Tebogo budget line if the price of food decreases to 20 while the price of entertainment remain unchanged.
Given that Tebogo's income is P1800 price of food is P30 and price of entertainment is P40, Draw tebogos budget line. e.Using a diagram, show what woul happen to Tebogo budget line if the price of food decreases to 20 while the price of entertainment remain unchanged.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please help me in e). you forgot yesterday
Define a budget line
d.Given that Tebogo's income is P1800
e.Using a diagram, show what woul happen to Tebogo budget line if the price of food decreases to 20 while the price of entertainment remain unchanged.
f.Using a diagram, show what would happen to Tebogo's budget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment.
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