Solved: Draw a graph of saras budget line with the quantity, Microeconomics

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Draw a graph of saras budget line with the quantity

Problem

Sara's income is $12 a week. The price of popcorn is $3 a bag, and the price of a smoothie is $3.

Calculate the equation for Sara's budget line (with bags of popcorn on the left side). Draw a graph of Sara's budget line with the quantity of smoothies on the x -axis. What is the slope of Sara's budget line? What determines its value?

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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