EBK FOUNDATIONS OF ECONOMICS
EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 9780134516196
Author: BADE
Publisher: PEARSON CO
Question
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Chapter 13, Problem 2SPPA
To determine

Total income = $12 a week to spend on coffee and soda. The price of coffee is $2 a cup, and soda is $1 a can. If the price of coffee rises to $3 a cup, draw new budget line. How many cups of coffee she can buy in a week if she buys 6 cans of soda. Has the relative price of coffee changed?

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