Social Studies, 07.05.2021 01:00 colrow1968
A person has $200 to spend on two goods X and Y whose respective prices are $2 and $3 (0.5 each) a, draw the budget line. b, what happens to the original budget line if the budget falls by 25%? c, what happens to the original budget line if the price of X doubles? d, what happens to the original budget line if the price of Y falls to $4?
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A person has $200 to spend on two goods X and Y whose respective prices are $2 and $3 (0.5 each) a,...
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