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Suppose that, from an initial individual oonsumer equilibrium position in the indifference curvebudget line diagram. the prices of both goods rise by 10 percent. What

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Suppose that, from an initial individual oonsumer equilibrium position in the indifference curvebudget line diagram. the prices of both goods rise by 10 percent. What happens to the position and slope of the budget line? Why does the consumer's level of satisfaction from a given money income fall? Illustrate and explain. Would it be acceptable for an eoonomist to say that the level of satisfaction of the consumer fell by exactly it] percent? Why or why not\

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