5 Explain What Would Happen To The Equilibrium Consumption Of Two Goods X And Y If I 3305456

5 Explain what would happen to the equilibrium consumption of two goods, X and Y, if: Income doubled and all prices tripled, or; All prices doubled and income tripled, or; All prices and income doubled. Assume that Goods X and Y are both normal goods. You are welcome to draw a graph for each outcome if you wish.

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