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Budget Lines Budget Lines 19. Assume that George has $20. Also assume that the Price of Good X = $4 and the Price of Good

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Budget Lines

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Budget Lines 19. Assume that George has $20. Also assume that the Price of Good X = $4 and the Price of Good Y = $2. If George spends all of his income on Good X, how many units can he buy? 20. On the graph provided, show what will happen to Geoge's budget line if the price of Good X falls to $2

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