Draw a graph to illustrate the change in the budget line, Microeconomics

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Draw a graph to illustrate the change in the budget line

Problem

Coffee king Starbucks raises its prices Starbucks will raise its prices by 1 percent to cover its increasing costs. Will rising prices cause Starbucks fans to cut back on their java habits?

Draw a graph to illustrate the change in the budget line and the change in the best affordable point for a consumer who buys fewer lattes a week.

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 to illustrate the change in the budget line

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