Multiple Choice
Larry consumes only beer (B) and chips (C) . The equation of his budget line (with beer measured on the vertical axis) is
A) QB = Y/PB - (PC/PB) QC.
B) QB = Y - (PC/PB) QC.
C) QB = Y/PC - (PB/PC) QC.
D) QB = Y/PB - (PC/PB) QB.
E) QC = Y/PC - (PB/PC) QB.
Correct Answer:
Verified
Correct Answer:
Verified
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