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  3. Study Set
    Intermediate Microeconomics Study Set 1
  4. Exam
    Exam 1: Budget Constraint-Part A
  5. Question
    If All Prices Are Doubled and Money Income Is Left
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If All Prices Are Doubled and Money Income Is Left

Question 9

Question 9

True/False

If all prices are doubled and money income is left the same, the budget set does not change because relative prices do not change.

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