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-Lizzie's Budget Line Is Shown in the Figure Above

Question 154

Multiple Choice

-Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation? A) Q<sub>M</sub> = 20 - 2Q<sub>C</sub> B) 20 = Q<sub>C</sub> + Q<sub>M</sub> C) 20 = Q<sub>C</sub> + 2Q<sub>M</sub> D) Q<sub>M</sub> = 20 + Q<sub>C</sub>
-Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation?


A) QM = 20 - 2QC
B) 20 = QC + QM
C) 20 = QC + 2QM
D) QM = 20 + QC

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