Phil has a fixed budget for burritos and beans. If the price of burritos decreases, Phil could buy more burritos but not more beans.

Name: Phil has a fixed budget for burritos and beans. If the price of burritos decreases, Phil could buy more burritos but not more beans.
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Question

Quizplus · Accepted Answer

With a fixed budget, if the price of burritos decreases, Phil could buy more burritos and still have money left over, which he could use to buy more beans, assuming he reallocates his spending optimally within his budget.

Phil Has a Fixed Budget for Burritos and Beans