Originally the consumer faces the budget line p 1 x 1 + p 2 x 2 =
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Originally the consumer faces the budget line p1x1 + p2x2 = m.Then the price of good 1 doubles, the price of good 2 becomes 8 times larger, and income becomes 4 times larger. Write down an equation for the new budget line in terms of the original prices and income.
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