Simon spends $300 a month on voice lessons and dance lessons. He just learned that starting next
Question:
Simon spends $300 a month on voice lessons and dance lessons. He just learned that starting next month his favorite dance instructor is moving out of town and the monthly rent for his apartment is increasing. How will each of these events affect Simon’s budget constraint for voice and dance lessons?
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The fact that Simons favorite instructor is moving may reduce his consum...View the full answer
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