=+a. Has Inas budget line become steeper, less steep, or equally as steep? b. Has Inas budget

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=+a. Has Ina’s budget line become steeper, less steep, or equally as steep?

b. Has Ina’s budget line shifted outward, inward, or not at all? 6. Kory has an income of $50, which she can spend on two goods: music albums and cups of hot chocolate. Both are normal goods for her. Each album costs $10, and each cup of hot chocolate costs $2. For each of the following situations, decide

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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