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Lily Is a College Student Who Likes to Buy Only

Question 342

Multiple Choice

Lily is a college student who likes to buy only two goods: Cheetos and Pepsi. To determine Lily's budget line, you need to know I. Lily's preferences for Cheetos and Pepsi.
II) The prices of Cheetos and Pepsi.
III) Lily's income.


A) II only
B) I and II
C) II and III
D) I, II and III

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