Answered: Romeo will purchase his original…

Romeo will purchase his original bundle. Romeo's budget line rotates inwards about the chocolates intercept. Romeo will purchase fewer chocolates than before the change.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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am. 113.
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