What is a budget constraint? A consumer has an income of $3000. Soda costs $3 per liter and cheese costs $6 per pound. Draw the consumer's budget constriaint with soda on the vertical axis. What is the slope of the budget constraint?

Q: Question 14 (2 8. R 3. T-shirts The above diagram represents Ken's budget constraint for T'shirts…

A: Price has an inverse relationship with quantity demanded.

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Q: mer buys coffee (C) for $3 each and bagels (B) for $1.50 each. If she has in the slope of her budget…

A: Given that, Price of coffee (PC) = $3  Price of bagels(PB) = $1.50  Money income (M ) = $40

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A: