Budget constraint to graph that represents decrease income

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Reference no: EM13739593

Sometimes stores have sales that limit the quantity you can purchase at the sale price. If you buy more than the limit, you pay the full price. Assume that your local grocery store is having a sale on yogurt where the first 5 are on sale for $1.00 per container, after which they cost $2.00

A. Graph your budget constraint if you have $20 to spend on yogurt. Label your X and y axis clearly and accurately to receive credit.

B. Add a budget constraint to the graph that represents a decrease in income

Reference no: EM13739593

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