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Refer to the Following

Question 35

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Refer to the following:
Refer to the following:      The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90. -Given this budget constraint, how many units of X and Y would be purchased? A)  0 units of X, 0 units of Y. B)  10 units of X, 20 units of Y. C)  20 units of X, 20 units of Y. D)  30 units of X, 30 units of Y.

The consumer faces a budget constraint because the market price of X is $3, the market price of Y is $3, and the consumer's budget is $90.
-Given this budget constraint, how many units of X and Y would be purchased?


A) 0 units of X, 0 units of Y.
B) 10 units of X, 20 units of Y.
C) 20 units of X, 20 units of Y.
D) 30 units of X, 30 units of Y.

Correct Answer:

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