The nearby graph shows Charlie's budget constraint for purchases of shoes and purses. Number of 12 purses 10 8 6 4 2 0 Budget line with discount Budget line no discount 0.5 1 2 2.5 Number of pairs of shoes 1.5 If Charlie's monthly budget for shoes and purses is $100 and they buy more than 2 purses, the price of purses is $ _ (Enter your answer as integers without the dollar sign.)
The nearby graph shows Charlie's budget constraint for purchases of shoes and purses. Number of 12 purses 10 8 6 4 2 0 Budget line with discount Budget line no discount 0.5 1 2 2.5 Number of pairs of shoes 1.5 If Charlie's monthly budget for shoes and purses is $100 and they buy more than 2 purses, the price of purses is $ _ (Enter your answer as integers without the dollar sign.)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 8SQP
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