Draw ashleys budget constraint before the change in income


Problem

Ashley spends all her income on gasoline and food. At first she earns $100, buys 25 gallons of gasoline at $2 per gallon, and purchases 10 pounds of food at $5 per pound. Her income later rises to $200, but the price of gasoline increases to $5 per gallon, and the price of food-rises to $7 per pound. Is she better or worse off? Why? Draw Ashley's budget constraint before and after the change in income, and identify her best choice before the change.

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 ashleys budget constraint before the change in income
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