Homework Answers
The new budget constraint
New income is $48
Price of Coke (12 packs) is $3 and 12-pack mountain dew is $4.80.
If only 12-pack coke is bought then ($48/$3) 16 12-pack coke cans can be bought.
Similarly, if only 12-pack mountain dew is bought, then ($48/4.80) 10 12-pack mountain dew cans can be bought.
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Hello all, need help with an econ question. The graph indicates the market equilibrium for alternative...
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Nathan has $48.00 with which to spend on Mountain Dew and Coke. The price of a 12-pack of Coke is 55.00, the price of a 12 pack of Mountain Dewi 00, and Nathan's in bot construint Budget Constant s t ed in the figure to the right Now, support the price of Coke decreases to $1.00 Use the inedwing tool to yrah Nathar's new budget constraint Label this tine Budget Constraint, Carvaly follow the instructors above, and only drw the...
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Hello all, need help with an econ question.
The graph indicates the market equilibrium for alternative music CDs. Suppose that consumer tastes for alternative music CDs become more favorable. At the same time a new technology has been adopted in the industry that improves the production of alternative music CDs. 28- 26- 24 1.) Using the line drawing tool, draw a new demand curve that is parallel to Do for alternative music CDs that indicates a $2 equilibrium price increase....
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