Social Studies, 22.10.2021 21:10 mayorga2genesis2

nose a cerer has an income of Birt Sco per month med he wants to spend all of his iacome on we goods, upple and orange, whose prices are Birr & and Bir 10 respectively. Based on this information answer the following questions: a) Express the budget line of the consumer both algebraically and diagrammatically. b) Compute the equation of the budget line. c) Determine the slope of the budget line and interpret the result d) What will lappen to the original budget line? i. If money income doubles. ii. If the price levels increases by 50pecen. If price of orange doubles. iii.

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