A consumer spends all of his income on two goods. If his income and the prices of
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Question:
A consumer spends all of his income on two goods. If his income and the prices of both goods all halve, the consumer will
1) Buy the same amounts of both goods.
2) Buy less of one good and more of the other.
3) Buy less of both goods.
4) Halve the amount bought of both goods.
5) Halve the amount bought of one good.
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