Price
13
12
11
10
9
8
7
6
5
4
Quantity
Demanded
0
1
2
3
4
5
6
7
8
9
The price of meat is $8, and the demand for meat does not depend on the level of income.
Meat stamps are available. People can purchase $1 of meat stamps for $.50. Joe can buy, at most, $80 worth of meat stamps (for $40).
a. Assuming Joe cannot trade meat and meat stamps, how much meat will Joe buy and