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Suppose the Price of Coffee Is $3 Each, the Price

Question 19

Multiple Choice

Suppose the price of coffee is $3 each, the price of bagels is $2 each and a person's budget is $40. The person's real income is

A) $40.
B) $13.33 in terms of bagels.
C) $13.33 in terms of coffee.
D) $8.

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