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Change in price affect the budget line

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Scruffie the cat has $15 to spend each month on cat toys, which cost $3 each, and cat treats, which cost $1.50 each. Draw a budget line to show the combination of each good that scuffie can afford if she spends her entire budget. Now suppose that cat treats go on sale for $1 each. Now does this change in price affect the budget line (show on the graph)

Chapter 6, question 7, Microeconomic

Reference no: EM132126214

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