For choice sets generated from endowment bundles, the budget line will shift parallel if both prices change by the same proportion.
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Q14: Consider a consumer with a choice set
Q15: In a graph of choice sets, a
Q16: The following changes in a consumer's economic
Q17: When the good on the horizontal axis
Q18: Consider a consumer with a choice set
Q20: Suppose the government wants to discourage excessive
Q21: A consumer has $1,000 a week to
Q22: A consumer has $1,000 a week to
Q23: Derive the budget line equation for the
Q24: Suppose the government levies a per-unit tax
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