Multiple Choice
Suppose a consumer buys pizza (P) and soft drinks (S) .The price of pizza is $10,the price of soft drinks is $2 and the consumer's income is $100.If pizza is measured on the vertical axis and soft drinks are measured on the horizontal axis,then the consumer's budget constraint is given by:
A) P = 10 - (1/5) S
B) S = 10 - (1/5) P
C) P = 100 - 5S
D) P = 10 - 5S
Correct Answer:
Verified
Correct Answer:
Verified
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