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10-11-2022
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george has a weekly income (i) of $50 which he uses to purchase donuts (d) and coffee (c). the price of a donut is $1 and the price of coffee is $2.50. suppose george experiences a decrease in his income to $25 while the prices of donuts and coffee each fall by one-half their initial prices. one would expect that george's budget line would:

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