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A consumer's budget set for two goods ( X and Y ) is 9003X+6Y. The budget set is illustrated below. Good Y 5) Does the
A consumer's budget set for two goods ( X and Y ) is 9003X+6Y. The budget set is illustrated below. Good Y 5) Does the budget set change if the prices of both goods triple and the consumer's income doubles? a) No, it does not change b) Yes, it shifts in toward the origin c) Yes, it rotates clockwise d) Yes, it shifts out from the origin
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