19 If the price of a cake slice doubles while the price of coffee remains at 4...

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19 If the price of a cake slice doubles while the price of coffee remains at £4 a cup and Amy’s income remains at £20, describe the change in her budget line. Amy has £20 a week to spend on coffee and cake. The price of coffee is £4 a cup, and the price of cake is £2 a slice.

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Economics

ISBN: 9781118150122

10th European Edition

Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews

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