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  3. Study Set
    Price Theory and Applications
  4. Exam
    Exam 3: The Behavior of Consumers
  5. Question
    A Doubling of All Prices Has the Same Effect on the Budget
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A Doubling of All Prices Has the Same Effect on the Budget

Question 24

Question 24

True/False

A doubling of all prices has the same effect on the budget line as reducing income by half.

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