Tim buys 2 pizzas and sees 1 movie a week Tim buys 2 pizzas and sees 1 movie a week when he has $16. 1 answer below »

Tim buys 2 pizzas and sees 1 movie a weekTim buys 2 pizzas and sees 1 movie a week when he has $16 to spend, a movie ticket is $8, and a pizza is $4. Draw Tim’s budget line. If the price of a movie ticket falls to $4, describe how Tim’s consumption possibilities change.
Tim buys 2 pizzas and sees 1 movie a week