a. With meat nutrition and veggie nutrition options, show graphically how a person who ate meat became a vegetarian after reading about the negative health effects of meat. Describe what happened in your graph. Is the person better off after reading about meat? Explain.
b. In a. above, assume the vertical variable on the graph was not a unit of meat, but rather nutritional value which turned out to be more ambiguous to a consumer. Give some examples of things that effect budget lines but that are not captured in a simple budget line with quantity only listed. Then discuss whether the analysis should involve an indifference curve shift as well as a budget line shift.