We are given the following function:
[tex]f(x)=\lvert x\rvert[/tex]This is an absolute value function. The graph of this function is the following:
Where we change the function to:
[tex]f(x)=\frac{2}{3}\lvert x\rvert[/tex]When the absolute value function is multiplied by a number smaller than one its graphs "opens more". Therefore, the new graph should look as follows: