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Suppose that a consumer had a budget of $35 to spend on Good X and Good Y. The price of Good X is $4 and
Suppose that a consumer had a budget of$35to spend on Good X and Good Y. The price of Good X is$4and the price of Good Y is$1.
The store selling Good X is offer a deal where you can buy one unit of Good X and get the next unit of Good X that you buy for75%of the original price.
Determine the X-intercept of the budget line for the consumer in this situation.
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