3. suppose that you initially have $100 to spend on books or movie tickets. the books start off costing $25 each and the movie tickets start off costing $10 each. for each of the following situations, would the attainable set of combinations that you can afford increase or decrease?
a. your budget increases from $100 to $150 while the prices stay the same.
b. your budget remains $100, the price of books remains $25, but the price of movie tickets rises to $20.
c. your budget remains $100, the price of movie tickets remains $10, but the price of a book falls to $15.

Suppose that you initially have $100 to spend on books or movie tickets.

The books start off costing $25 each and the movie tickets start off costing $10 each.

a. Your budget increases from $100 to $150 while the prices stay the same.

Increase

b. Your budget remains $100, the price of books remains $25, but the price of movie tickets rises to $20.

Decrease

c. Your budget remains $100, the price of movie tickets remains $10, but the price of a book falls to $15.

Increase

b is the answer that makes most sense

step-by-step explanation:

wholesale price is the initial price before markup. retail price comes after the markup.

a price of 8 bucks that's marked up by 100%   is

formula: initial price + (percent markup in fraction/decimal)(initial price)

8+(1)(8)

8+8

16

retail price is $16.