If you had a budget of $200, and P Y is $5 and P X is $10,
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If you had a budget of $200, and PY is $5 and PX is $10, draw the budget line. Draw the budget lines when PX falls to $8. Show the budget line when the money available for expenditures increases to $400. What is the slope of the budget line when PY is $5 and PX is $10? How about when PX falls to $8?
a.
b.
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When P Y is 5 and P X is 10 The budget line can be drawn as P X P Y 200 10 P X 5 P Y 20...View the full answer
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