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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