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Suppose a consumer is given a choice between two goods X1 & X2 with Prices P1 & P2 respectively, and his income is denoted as
Suppose a consumer is given a choice between two goods X1 & X2 with Prices P1 & P2 respectively, and his income is denoted as M. Suppose the price for good X1 doubles and price for good X2 becomes eight times higher and the income four times bigger. Write down an equation for the new budget line
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