Economy, asked by krsonia9760, 1 year ago

What happens to a consumer's optimal choice of goods if all prices and the consumer's income double? (Hint: What happens to the intercepts of the budget constraint?)

Answers

Answered by rockyak4745
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What happens to a consumer's optimal choice of goods if all prices and the consumer's income double?
Answered by Anonymous
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Hint: What happens to the intercepts of the budget constraint?) ... If the consumer's income doubles the budget constraint will double.
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