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Question: dave has 300 to spend each month on pizza and...

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Dave has $300 to spend each month on pizza and online movies. Pizzas and movies both currently have a price of $10, and Dave is maximizing his utility by buying 10 pizzas and 20 movies. Suppose Dave still has $300 to spend, but the price of a pizza rises to $12, while the price of a movle drops to $ The diagram depicts Daves budget constraint before the price change (green) and after the price change (red). 1.) Use the three-point curve drawing toor to draw an indifference curve that illustrates Daves initial level of satisfaction before the price change. Label this indiffereecrel 2.) Use the three-point curve drawing tool to draw a second indifference curve after the price change that shows that Dave has increased satisfaction because of the change in prices of pizza and movies. Label this indfference curve 1 1 Carefully follow the instructions above, and only draw the required objects. 0 10 20 30 40 50 60 TO 80 90 100 Movies

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