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Draw a graph of zacharys budget constraint on the y axis

Problem

Zachary has $5 to spend on two goods: video games and hot dogs. Hot dogs cost $1 apiece while video games cost 50 cents apiece.

a. Draw a graph of Zachary's budget constraint, placing video games on the y axis.

b. Suppose the price of hot dogs falls to 50 cents apiece. Draw the new budget constraint.

c. Suppose Zachary now has $8 to spend. Draw the new budget constraint using the prices from b.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Draw a graph of zacharys budget constraint on the y axis

Reference No:- TGS02120691

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