Question: Given two good, X and Y, with respective prices Px and Py, and Income M, show and explain what happens to the slope of the

Given two good, X and Y, with respective prices Px and Py, and Income M, show and explain what happens to the slope of the budget line and the affordability set when

A.) Px doubles, ceteris paribus

B.) Simultaniously both prices are halved, ceteris paribus

C.) Simultaneously Py increases, Px decreases, while M remains unchanged

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