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Assume the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume the price of X is $3, and...

Assume the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume the price of X is $3, and the price of Y is $6. If Amanda has $90 to spend on X and Y , then:


a) she can buy at most 30 X.
b) her budget line has a slope of – 2.
c) (a) and (b).
d) None of the above.
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Economics-8209534.doc

Assume the quantity of X is measured on the horizontal axis, and the quantity of Y is
measured on the vertical axis. Assume the price of X is $3, and the price of Y is $6. If
Amanda has $90 to...

Sign up to view the full answer

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