The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.The equation of the budget line passing through point r is _______________.
A)Y = 800 - 4X
B)Y = 900 - 4X
C)Y = 800 - 5X
D)Y = 900 - 5X

Question

The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.The equation of the budget line passing through point r is _______________. 
A)Y = 800 - 4X 
B)Y = 900 - 4X 
C)Y = 800 - 5X 
D)Y = 900 - 5X

Quizplus · Accepted Answer

The Answer of The figure below shows a consumer maximizing utility at two different prices (the left panel)and the consumer's demand for good X at the same two prices of good X (the right panel).The price of good Y is $14.The equation of the budget line passing through point r is _______________. 
A)Y = 800 - 4X 
B)Y = 900 - 4X 
C)Y = 800 - 5X 
D)Y = 900 - 5X

The Figure Below Shows a Consumer Maximizing Utility at Two