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Jim has a budget of $4,000 which he can spend on housing or all other goods. The market price of housing is $4 per sq
Jim has a budget of $4,000 which he can spend on housing or all other goods. The market price of housing is $4 per sq ft and the price of all other goods is $1. a. Suppose the government provides Jim with a voucher of $2,000 which he can only spend on housing. Draw his pre- and post-transfer budget analysis
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