Budget Constraints revisited So, given p, and p2, the budget constraint for a consumer with an endowment (@1,@2)is p1X1+p2X2=p1a1+p202 The budget set is {(x1,x2)P1x1+p2x2≤p11+P2O2, X1≥0,x≥0Budget Constraints Revisited So, given p1 and p2 , the budget constraint for a consumer with an endowment is The budget set is ( , ) 1 2 p1 x1 + p2 x2 = p1 1 + p2 2 .   ( , ) , , . x x p x p x p p x x 1 2 1 1 2 2 1 1 2 2 1 0 2 0 +  +    