O Macmillan Learning Mauricio has a circus act that involves monkeys on unicycles. Mauricio has a fixed amount to spend on unicycles and monkeys. The graph shows Mauricio's initial budget constraint. The price per unicycle is $180 and per monkey is $135. Using the graph, show what happens to Mauricio's budget line when the price of unicycles increases to $270. Then, answer the question. Quantity of unicycles 10 10 88 9 7 6 5 3 2 1 0 0 1 2 3 ✓ Budget line 4 5 6 7 8 Co Quantity of monkeys 9 10

Principles of Economics (MindTap Course List)
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Chapter21: The Theory Of Consumer Choice
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O Macmillan Learning
Mauricio has a circus act that involves monkeys on unicycles. Mauricio has a fixed amount to spend on unicycles and monkeys.
The graph shows Mauricio's initial budget constraint. The price per unicycle is $180 and per monkey is $135. Using the graph,
show what happens to Mauricio's budget line when the price of unicycles increases to $270. Then, answer the question.
Quantity of unicycles
10
10
88
9
7
6
5
3
2
1
0
0
1
2
3
✓
Budget line
4
5
6
7
8
Co
Quantity of monkeys
9
10
Transcribed Image Text:O Macmillan Learning Mauricio has a circus act that involves monkeys on unicycles. Mauricio has a fixed amount to spend on unicycles and monkeys. The graph shows Mauricio's initial budget constraint. The price per unicycle is $180 and per monkey is $135. Using the graph, show what happens to Mauricio's budget line when the price of unicycles increases to $270. Then, answer the question. Quantity of unicycles 10 10 88 9 7 6 5 3 2 1 0 0 1 2 3 ✓ Budget line 4 5 6 7 8 Co Quantity of monkeys 9 10
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