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Fact 9.3.3
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Use the information below to answer the following questions.Fact 9.3.3Jim has made his best affordable choice of muffins and coffee. He spends all of his income on 10 muffins at $1 each and 20 cups of coffee at $2 each. Muffins and coffee are ordinary goods. Now the price of a muffin rises to $1.50 and the price of coffee falls to $1.75 a cup.Refer to Fact 9.3.3. When the price of a muffin rises to $1.50 and the price of coffee falls to $1.75 a cup, Jim