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Lily is a college student who likes to buy only two goods: Cheetos and Pepsi. To determine Lily's budget line, you need to know I.
Lily is a college student who likes to buy only two goods: Cheetos and Pepsi. To determine Lily's budget line, you need to know
I. Lily's preferences for Cheetos and Pepsi.
II The prices of Cheetos and Pepsi.
III. Lily's income.
A Il only.
B I and II
C Il and III.
D Il and III.
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