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Business, 25.02.2021 07:40 michael1498

Matt has $16 in income that he devotes entirely towards caffeine. purchases, specifically coffee and tea. Tea costs $1/cup and coffee costs $4/cup. Also, tea is subject to a quantity tax of $1/cup, and coffee is subject to a value tax of 0%. By how much will the slope of Matt's budget constraint change if his income were to increase from $16 to $35? (Note: I'm looking for the change in the slope, so subtract the old slope from the new slope to get your answer)​

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Matt has $16 in income that he devotes entirely towards caffeine. purchases, specifically coffee and...
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