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The Figure Below Shows a Consumer Maximizing Utility at Two

Question 8

Multiple Choice

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 _______________. 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


A) Y = 80 - (10/3) X
B) Y = 90 - (10/3) X
C) Y = 80 - 0.3X
D) Y = 90 - 0.3X

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