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Suppose all prices in the economy double. The consumer's income doubles as well. Which statement is true? choose the right answer: 1) The budget line
Suppose all prices in the economy double. The consumer's income doubles as well. Which statement is true? choose the right answer: 1) The budget line of the consumer moves from its original location 2) The consumer will choose the same optimal basket as before 3) The consumer will choose a different optimal basket than before 4) The consumer is happier now than he was before
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