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BONUS QUESTION Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two...



BONUS QUESTION

Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two products also double. These changes in income and prices will result in
A shift of the budget line outward to the right
No change in the budget line
A shift of the budget line inward to the left
An increase in the slope of the budget line

This question was asked on Jan 12, 2014.

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