Social Studies, 06.05.2021 23:50, nida7864
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?
Answers: 1
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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)...
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