SLICES OF 10 4 3 2 - BC 0 0 1 2 3 4 5 6 SODAS 7 8 9 10 According to the diagram, sodas cost $ each, and pizza costs $ per slice. Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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
SLICES OF 10 4 3 2 - BC 0 0 1 2 3 4 5 6 SODAS 7 8 9 10 According to the diagram, sodas cost $ each, and pizza costs $ per slice. Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's income 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
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:SLICES OF PIZZA
2. Shifts in a budget constraint
Gilberto brings $30 to a baseball game to spend on sodas and pizza. The following diagram shows his budget constraint:
3
2
1
10
9
8
7
BC
0
+
+
+
H
0 1
2
3
4
5
6
7
8
9
10
SODAS
BC
According to the diagram, sodas cost $
each, and pizza costs $
per slice.
?
Adjust the diagram to show how Gilberto's budget constraint would change if the price of pizza decreased. (Assume the price of sodas and Gilberto's
income 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 position, just drag it a little farther.
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