Antonio buys five new college textbooks during his first year at school at a cost of $80 each. Used books cost only $50 each. When the bookstore announces that there will be a 50 percent increase in the price of new books and a 20 percent increase in the price of used books, Antonio’s father offers him $200 extra. What happens to Antonio’s budget line?
1.) Using the line drawing tool, graph Antonio’s original budget line. Label this line Upper L 1 .
2.) Using the line drawing tool, then graph Antonio’s new budget line. Label this line Upper L 2 .
Carefully follow the instructions above, and only draw the required objects.