Problem
Suppose that all prices increase by 10 percent in 2013 and that Hassan's salary increases by 10 percent as well. Show Hassan's new budget constraint mathematically as well as graphically. How would Hassan's optimal combination of milk and cookies in 2013 compare to his optimal combination in 2012.
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.