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-Referring to Exhibit E-1, Where Y Represents Income and Y/14

Question 147

Multiple Choice

-Referring to Exhibit E-1, where Y represents income and Y/14, Y/10, and Y/8 are the values for the intercepts of the budget lines along the horizontal axis, a point (quantity,price) on the demand curve for bacon would be A) 14, $7 B) 10, $5 C) 2, $7 D) 6, $10 E) 6, $5
-Referring to Exhibit E-1, where Y represents income and Y/14, Y/10, and Y/8 are the values for the intercepts of the budget lines along the horizontal axis, a point (quantity,price) on the demand curve for bacon would be


A) 14, $7
B) 10, $5
C) 2, $7
D) 6, $10
E) 6, $5

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