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Let Y = $100, QX = Quantity of Good X

Question 60

Multiple Choice

Let Y = $100, QX = quantity of good X, and QW = quantity of good W, PX = $4 and PW = $5. The budget equation is

A) 100 = 4QX + 5QW.
B) 100 = QX + (4/5) QW.
C) QX = 100 + (4/5) QW.
D) QX = QW + (4/5) Y.
E) QW = QX + (4/5) Y.

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