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Suppose that a decent breakfast at the Municipal cafeteria costs $4. You always eat breakfast at Municipal, and you spend $80 on breakfast monthly.
Suppose that a decent breakfast at the Municipal cafeteria costs $4. You always eat breakfast at Municipal, and you spend $80 on breakfast monthly. Unfortunately, the price doubles but your rich uncle gives you extra $80 to spend on breakfast. Are you better off or worse off than before? Explain; use graph in your answer. Make sure that you labelled the axes and all the shapes in your graph.16 pts.
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