Rummy has $40 a week to spend on burger and cake.The price of burger is $5 and the price of cake is $2 a slice 1.if the price of cake doubles while the price of burger remains at $5 and rummys income remains at $40 describe the change in his budget line

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Rummy has $40 a week to spend on burger
and cake.The price of burger is $5 and the
price of cake is $2 a slice
1.if the price of cake doubles while the price
of burger remains at $5 and rummys income
remains at $40 describe the change in his
budget line
Transcribed Image Text:Rummy has $40 a week to spend on burger and cake.The price of burger is $5 and the price of cake is $2 a slice 1.if the price of cake doubles while the price of burger remains at $5 and rummys income remains at $40 describe the change in his budget line
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