-The Figure Above Contains Several Budget Lines for Sarah,who Uses

question 3

Essay

-The figure above contains several budget lines for Sarah,who uses her income to purchase two goods,cheese and crackers.
a.A movement between which two budget lines represents an increase in Sarah's budget for cheese and crackers?
b.A movement between which two budget lines represents an increase in the price of a pound of cheese?
c.A movement between which two budget lines represents an increase in the price of a box of crackers?

---

Definitions:

Bearer Paper

A negotiable instrument that is payable to whoever holds or presents it for payment.

Negotiable

Capable of being discussed or modified in terms of the conditions of an agreement or contract.

Order Paper

A negotiable instrument or financial document that is payable to a specific individual or the order of a specific person.

Blank Indorsement

An endorsement on a financial instrument, such as a check, that specifies no endorsee, making it payable to the bearer.