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Business, 27.03.2020 18:07 hermesrobles

Suppose that the price of good x is cut in half, and income doubles, while the price of good y remains constant. If the budget line is drawn with x on the horizontal axis and y on the vertical axis, then the new budget line becomes:
A. Flatter
B. Steeper
C. Shift inward (and remains parallel to the initial budget line).
D. Remain the same

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Suppose that the price of good x is cut in half, and income doubles, while the price of good y remai...
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