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Q. |
A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4 respectively. Then the budget constraint can be expressed as |
A. | 4x + 3y = 120 |
B. | 3x + 4y = 120 |
C. | 12x + 12y = 120 |
D. | cannot be determined |
Answer» B. 3x + 4y = 120 |
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