Jenny divides her income between corn and beans. She has a total of $100. Beans cost $10 per sack, and corn costs $20 per sack.
a. Draw Jenny's budget line, with beans on the vertical axis.
b. The price of both beans and corn decreases by 50%, to $5 and $10 respectively. Draw the change in Jenny's budget line on the graph in part (a).
c. What other event could have produced the change you diagrammed in your answer to part b?