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Consider two people who each consume food and clothing. They have the same income and pay the same prices for food and clothing. These two
Consider two people who each consume food and clothing. They have the same income and pay the same prices for food and clothing. These two people have identical budget constraints, and will therefore buy and consume the same quantities of food and clothing. (Take the first two sentences as given. You should address the third sentence. Be sure to address both budget constraints and consumption choices.)
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