Elucidate how your consumption changes

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Reference no: EM1358552

Suppose you get a job that pays 60million per annum and set some of this income aside as a savings account that pays an annual interest raye of 3percent. Use a budget constraint and indifference curve to show and explain how your consumption changes when a)salary increases to 80million b)interest rate account rises to 50ercent

Reference no: EM1358552

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