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Write down an equation for the new budget line

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Originally the consumer faces the budget line 10x1 + 5x2 = m. The income is Rs. 100. Then the price of good 1 doubles, the price of good 2 becomes 4 times larger, and income becomes 3 times larger. Draw the initial budget line and the newer budget line? Also, write down an equation for the new budget line

Reference no: EM133217727

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