Homer buys pizza for $10 and Pepsi for $2. He has income of $100. His budget constraint

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Homer buys pizza for $10 and Pepsi for $2. He has income of $100. His budget constraint will shift inward if

a. the price of pizza rises to $12.

b. the price of Pepsi falls to $1.

c. his income rises to $150.

d. the price of pizza, the price of Pepsi, and his income all rise by 50 percent.

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Principles Of Microeconomics

ISBN: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:00 PM

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Homer buys pizza for $10 and Pepsi for $2. He has income of $100. His budget constraint

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Principles Of Microeconomics

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