Sam buys gasoline and coffee each week. To draw his budget line for gasoline and coffee, Sam needs to know

Question

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To draw a budget line for two goods, we need to know the prices of both goods and the total income available to the consumer. In this case, Sam needs to know his income for the week and the prices of gasoline and coffee to draw a budget line that shows all the possible combinations of gasoline and coffee that he can afford to buy with his income.

Sam Buys Gasoline and Coffee Each Week