Let Y = $100,Q_X = Quantity of Good X,and Q_W

question 94

Multiple Choice

Let Y = $100,Q_X = quantity of good X,and Q_W = quantity of good W,P_X = $4 and P_W = $5.The budget equation is

• A)100 = 4Q_X + 5Q_W.
• B)100 = Q_X + (4/5)Q_W.
• C)Q_X = 100 + (4/5)Q_W.
• D)Q_X = Q_W + (4/5)Y.
• E)Q_W = Q_X + (4/5)Y.

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