Order the answer to: Remy spends her weekly income of $30 on chocolate, q1,

Academic Help business-economics Order the answer to: Remy spends her weekly income of $30 on chocolate, q1,

business-economics

Order the answer to: Remy spends her weekly income of $30 on chocolate, q1,

Question Remy spends her weekly income of $30 on chocolate, q1, and shampoo, q2. Initially, when the prices are p1 = $2 = p2, she buys q1 = 10 and q2 = 5. After the prices change to p1 = $1 and p2 = $3, she purchases q1 = 6 and q2 = 8. Draw her budget lines and choices in a diagram. Use a revealed preference argument to discuss whether or not she is maximizing her utility before and after the price changes?
Subject business-economics
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