Hübert brings $40 to a football game to spend on hot dogs and beer. The following diagram shows his budget constraint: 20 18 16 BC 14 2 BC 2 4 6 8 10 12 14 16 18 20 HOT DOGS According to the diagram, hot dogs cost $ each, and beer costs $ per glass. Adjust the diagram to show how Hubert's budget constraint would change if he had brought less money to the stadium. (Assume the prices of hot dogs and beer remain the same.) Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original norition juct du GLASSES OF BEER

Hübert brings $40 to a football game to spend on hot dogs and beer. The following diagram shows his budget constraint: 20 18 16 BC 14 2 BC 2 4 6 8 10 12 14 16 18 20 HOT DOGS According to the diagram, hot dogs cost $ each, and beer costs $ per glass. Adjust the diagram to show how Hubert's budget constraint would change if he had brought less money to the stadium. (Assume the prices of hot dogs and beer remain the same.) Note: Select either end of the curve on the graph to make the endpoints appear. Then drag one or both endpoints to the desired position. Points will snap into position, so if you try to move a point and it snaps back to its original norition juct du GLASSES OF BEER

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 12RQ: Why does a change in income cause a parallel shift in the budget constraint?

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