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Is the following claim true, false, or ambiguous? Justify your answer. The price of food rises by 10 % and disposable income rises by 5
Is the following claim true, false, or ambiguous? Justify your answer. "The price of food rises by 10 % and disposable income rises by 5 %. Some- one initially spending half of his or her income on food would be neither better nor worse off as a result of these changes."
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