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originally a consumer faces the budget line P1X1 plus P2X2=M. then the price good 1 double, the price of good 2 becomes 8 times larger
originally a consumer faces the budget line P1X1 plus P2X2=M. then the price good 1 double, the price of good 2 becomes 8 times larger and income becomes 4 times larger. write down an equation for the new budget line in termes of the original prices and income.
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