Question
) Use the figure below to answer the following questions: a. The equation of budget line LZ is Y = __ _ b. The equation
) Use the figure below to answer the following questions:
a. The equation of budget line LZ is Y = __ _
b. The equation of budget line LR is Y = __ _
c. If the relevant budget line is LR and the consumer's income is $200, what are the
prices of X and Y?
d. At the same income of $200, if the budget line is LZ, what are the prices of X and Y?
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
2nd edition
1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025
