Use the figure below to answer the following questions:a. The equation of budget line LZ is Y

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Use the figure below to answer the following questions:a. The equation of budget line LZ is Y =_________________ - _________________X.b. The equation of budget line LR is Y = _________________- _________________X.c. The equation of budget line KZ is Y = _________________- _________________X.d. The equation of budget line MN is Y = _________________- _________________X.e. If the relevant budget line is LR and the consumer?s income is $200, what are the prices of X and Y? At the same income, if the budget line is LZ, what are the prices of X and Y?f. If the budget line is MN, Py = $40, and Px = $20, what is income? At the same prices, if the budget line is KZ, what is income?image

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