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Consider a consumer who has 100 yuan RMB. The price for food is 1 yuan/unit. The price for clothing is 2 yuan/unit. Draw the budget
Consider a consumer who has 100 yuan RMB. The price for food is 1 yuan/unit. The price for clothing is 2 yuan/unit. Draw the budget line for this consumer. And draw a new budget line when the consumer's wealth increased to 200 yuan and the price for clothing increased to 4 yuan/unit.
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