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Why isnt the equlibrium increased? Because they are able to buy more food? A country recently passed a food stamp legislation. Qualified households are given
Why isnt the equlibrium increased? Because they are able to buy more food?
A country recently passed a food stamp legislation. Qualified households are given food stamps, which can be used to purchase foods, but they cannot legally re-sell them. Suppose a household receives a grant of $300 of food stamps per month. How will this household's budget line be affected? (Hint: Consider two goods: food and other goods.)
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