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all right in this video Im talking about budget constraints and specifically when they shift when they rotate and when they kink and Im gonna do this the same way I always do when you see an equation the first thing to do is orient toward the equation but or inequality in this case by by labeling the different parts very clearly and when applicable add numbers as examples in your head that you can use to think through how how these things work all right so I just made up two goods that Im interested in books and chocolate and so our budget constraint has the price of books times the quantity of books that we buy plus the price of chocolate times the quantity of chocolate that we buy and this is going to give us our total spending and that means to be less than or equal to the amount of money we have and its always helpful to choose some examples of prices and amounts of money just to help us sort through things I always choose $100 for the money because thats easy to think about
