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

Question 233

Multiple Choice

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

A) P_yQy / P_xO_x.
B) P_xB + P_yB = B.
C) P_xX + P_yY = B.
D) (1 − P_y / B) P_x.

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