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Larry Consumes Only Beer (B)and Chips (C)

Question 32

Multiple Choice

Larry consumes only beer (B) and chips (C) .The equation of his budget line (with beer measured on the vertical axis) is


A) QB = Y/PB - (PC/PB) QC.
B) QB = Y - (PC/PB) QC.
C) QB = Y/PC - (PB/PC) QC.
D) QB = Y/PB - (PC/PB) QB.
E) QC = Y/PC - (PB/PC) QB.

Correct Answer:

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