Connor receives a weekly allowance of $20 from his parents that he uses to purchase two goods: Pokemon cards (which cost $5 per pack) and comic books (which cost $4 each). Draw Connor's budget constraint. Show what would happen if Connor's parents lower his allowance to $15 per week. Does the opportunity cost of a comic book change?

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The Answer of Connor receives a weekly allowance of $20 from his parents that he uses to purchase two goods: Pokemon cards (which cost $5 per pack) and comic books (which cost $4 each). Draw Connor's budget constraint. Show what would happen if Connor's parents lower his allowance to $15 per week. Does the opportunity cost of a comic book change?

Connor Receives a Weekly Allowance of $20 from His Parents