Hiro's bus ticket and sandwich budget is $24 a week. The price of a bus ticket is $6 and the price of a sandwich is $3. Draw Hiro's budget line and label it. >>> Plot the quantity of sandwiches on the x-axis. Other things remaining the same, if the price of a bus ticketrises, Hiro's budget line Other things remaining the same, if Hiro's budget for bus tickets and sandwiches decreases, his budget line OA. rotates inward; shifts inward OB. rotates outward; shifts outward

Hiro's bus ticket and sandwich budget is $24 a week. The price of a bus ticket is $6 and the price of a sandwich is $3. Draw Hiro's budget line and label it. >>> Plot the quantity of sandwiches on the x-axis. Other things remaining the same, if the price of a bus ticketrises, Hiro's budget line Other things remaining the same, if Hiro's budget for bus tickets and sandwiches decreases, his budget line OA. rotates inward; shifts inward OB. rotates outward; shifts outward

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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