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Assume the Price of Good X Is Px, Price of Good

Question 222

Multiple Choice

Assume the price of good X is Px, price of good Y is Py, and B is the budget. The formula for the budget line for these two goods is:


A) PyQy / PxOx.
B) PxB + PyB = B.
C) PxX + PyY = B.
D) (1 − Py / B) Px.

Correct Answer:

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