Business, 16.03.2020 20:12, jordantay208
Suppose that you initially have $100 to spend on books or movie tickets. The books start off costing S25 each and the movie tickets start off costing $10 each. For each of the following situations, would the attainable set of combinations that you can afford increase or decrease? a. Your budget increases from $100 to $150 while the prices stay the same. b. Your budget remains S100, the price of books remains S25, but the price of movie tickets rises to S20. c. Your budget remains $100, the price of movie tickets remains S10, but the price of a book falls to $15.
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