Finding slope of budget line and consumers mrs

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Reference no: EM1315408

On the same graph, show the new budget line after the tax is imposed on gasoline. Use the after-tax price you calculated in Part A. Show the new utility maximizing bundle of gasoline and all other goods. What is the slope of the new budget line? What is the consumer's new MRS of all other goods for gasoline?

Reference no: EM1315408

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