The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.The equation of the budget line passing through point r is _______________.
A)Y = 80 - (10/3)X
B)Y = 90 - (10/3)X
C)Y = 80 - 0.3X
D)Y = 90 - 0.3X

Question

The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.The equation of the budget line passing through point r is _______________. 
A)Y = 80 - (10/3)X 
B)Y = 90 - (10/3)X 
C)Y = 80 - 0.3X 
D)Y = 90 - 0.3X

Quizplus · Accepted Answer

The Answer of The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $4.50.The equation of the budget line passing through point r is _______________. 
A)Y = 80 - (10/3)X 
B)Y = 90 - (10/3)X 
C)Y = 80 - 0.3X 
D)Y = 90 - 0.3X

The Figure Below Shows a Consumer Maximizing Utility at Two