Question: Originally Px = $120 and Py = $80. True or False : If Px increases by $18 and Py increases by $12, the new budget

Originally Px = $120 and Py = $80.True or False: If Px increases by $18 and Py increases by $12, the new budget constraint will be shifted inward and parallel to the old budget constraint. Explain.

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Originally PX is $120 and PY is $80. True or false: If PX increases by $18 and PY increases by $12, the new budget line will be shifted inward and parallel to the old budget line. Explain.

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