NOTE: PLEASE ANSWER EVERYTHING ALL ITEMS ASAP THANK YOU! Refer to the information provided in Figure 6.5 below to answer the questions that follow.Oel's monthly budgetNumber of CDsper monthA) ADB) BDC) EFD) not shown on this graph.EAF0Number of cassette tapes per monthQUESTION #23: Refer to Figure 6.5. Oel's budget constraint is CD. If her income increases, her newbudgetconstraint is1QUESTION #24: Refer to Figure 6.5. Oel's budget constraint is BD. Qels's income is Php600, the price ofa cassette tapeis Php15 and the price of a CD is Php20. At Point B the consumer is buying.cassettetapes andCDs.A) 0; 30B) 30; 0C) 20; 15D) 40; 30

23. Given Oels budget constraint CD. If her income increases, Oel can consumer more of both the…

Answered: Refer to the information provided in…

Refer to the information provided in Figure 6.5 below to answer the questions that follow. Oel's monthly budget Number of CDs per month 0 E C B A D F

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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