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Draw mikes budget lines before and after the excise tax and

Mike consumes 20 beers every month. The price of a beer is $1. The government imposes an excise tax of $0.20 per beer and gives Mike an income tax credit of $4/month. Mike's income is $I (choose any number over 30). Draw Mike's budget lines before and after the excise tax and tax credit scheme. (Put AOG on the vertical axis and beer on the horizontal axis.)

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Business Economics: Draw mikes budget lines before and after the excise tax and

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