given that Tebogo's income is P1800, price of food is P30 and price of intertainment is P40. draw Tebogo's budget line. using a diagram show what would happen to Tebogo's budget line if the price of food decreases to 20 while the price of entertainment remain the same using a digram show what would happen to Tebogo's buget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment

given that Tebogo's income is P1800, price of food is P30 and price of intertainment is P40. draw Tebogo's budget line. using a diagram show what would happen to Tebogo's budget line if the price of food decreases to 20 while the price of entertainment remain the same using a digram show what would happen to Tebogo's buget line if income increases from P1800 to P2100 while prices remain P30 for food and P40 for entertainment

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 12PA

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. Please help me in e). you forgot yesterday Define a budget line d.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. 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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