Question
Lany loves to eat two fruits strawberries and peaches. When the price of strawberries was 8 per box, and the price of peaches was 6
Lany loves to eat two fruits strawberries and peaches. When the price of strawberries was 8 per box, and the price of peaches was 6 per box, he spent his entire fruit budget to buy 5 boxes of strawberries and 10 boxes of peaches per month. Now the government subsidizes strawberries. Market prices havent changed, but consumers get a subsidy of 2 for every box of strawberries consumed. To pay for this subsidy, the government introduced an income tax. Lany pays an income tax of 15 per month. If s is the number of boxes of strawberries and p is the number of boxes of peaches, Lany's new budget equation is 4 + 5 = 75.
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