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To maintain my present living standard at existing prices, I need $5000 per annum.Since I currentlywatch100movies in a theatrea year, an increase in price of

"To maintain my present living standard at existing prices, I need $5000 per annum.Since I currentlywatch100movies in a theatrea year, an increase in price of $2.50per moviewould mean that I need at least $5,250 to maintain my standard of living.": True or False?Explain

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