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Graph the budget constraint with a solid line

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Assume M=90, Px=2,and Py=3. Graph the budget constraint with a solid line. Label both axes and intercepts. Now assume income is constant, Px decreases to 1 and, and Py increases to 4. Draw the new budget constraint on the same axes as a dotted line. Label the new intercepts.

Reference no: EM131866787

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