Draw a graph of your new budget line

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Your income is $40. The price of each unit of food is $2, and the price of each unit of clothing is $10. Draw a graph of your budget line. Now, your income rises to $50 and the prices of food and clothing remain the same. Draw a graph of your new budget line Your income is $50. Now, the price of food rises to $4 and the price of clothing remains the same. Draw a graph of your new budget line.

Reference no: EM131091253

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