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The Equation for a Budget Line for Goods X and Y

Question 62

Multiple Choice

The equation for a budget line for goods X and Y, with P_x being the price of X, P_y being the price of Y, and B being the budget, can be written as:

A) P_xX + P_yY = B.
B) P_xX + P_yY = 1 / B.
C) P_xX = B + P_yY.
D) P_xX / P_yY = 1 − B.

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