Suppose a person receives a grant from the government that allows the purchase of $300 worth of
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Question:
Suppose a person receives a grant from the government that allows the purchase of $300 worth of clothes per year. This grant cannot be used to buy any other items. Show how this grant affects the person’s budget line. Show the various market baskets of goods that could be purchased with a $300 cash grant and that cannot be purchased with the grant.
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