Refer to the information provided in Figure 6.4 below to answer the question(s) that follow. 
Figure 6.4
-Refer to Figure 6.4. Billʹs budget constraint is AC. If the black bean price increases, Billʹs budget constraint will be
Definitions:
Payoff Matrix
A table that shows the potential outcomes and payoffs resulting from different decisions or strategies in a strategic game.
Dominant Strategy
Within game theory, a strategy considered optimal for a participant in a game, irrespective of the strategies opted by competitors.
Low Price
Refers to the condition where the cost of a good or service is lower than usual, making it more affordable to consumers.
Payoff Matrix
A table that describes the possible outcomes or payoffs in a strategic decision-making situation, typically used in game theory.
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