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At Higbee's department store, the price of a toy is $10 and the price of an article of clothing is $20. On a well-labeled graph,
At Higbee's department store, the price of a toy is $10 and the price of an article of clothing is $20. On a well-labeled graph, draw Ralphie's budget constraint. You should put toys on the xaxis and clothing on the yaxis. What are the xintercept, yintercept and slope of Ralphie's budget constraint? How do we interpret the slope of the budget constraint
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