What is the effect of the fall in Saras income on the relative price of a smoothie

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What is the effect of the fall in Sara’s income on the relative price of a smoothie in terms of popcorn?

What is the slope of Sara’s new budget line if it is drawn with smoothies on the x -axis?

Sara’s income falls from $12 to $9 a week, while the price of popcorn is unchanged at $3 a bag and the price of a smoothie is unchanged at $3.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:01 PM

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What is the effect of the fall in Saras income on the relative price of a smoothie

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