Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
Textbook Question
Chapter 2, Problem 19CTQ

Suppose Alphonso’s town raises the price of bus tickets from \$ 0. 5 0 to \$ 1 and file price of burgers rises from \$ 2 to \$ 4 .

Why is file opportunity cost of bus tickets unchanged? Suppose Alphonsn’s weekly spending money increases from \$ 1 0 to \$ 2 0 .

How is his budget constraint affected from all three changes? Explain.

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