Suppose a Consumer Has an Income $\mathrm { I } = \$ 50$

question 57

Multiple Choice

Suppose a consumer has an income $\mathrm { I } = \$ 50$ which he/she spends on pizza and tacos per month. The price of pizza is $\$ 10$ and the price of tacos is $\$ 5$ . Letting $Z =$ the quantity of pizza per months and $T =$ the number of tacos per month, the equation for the budget line is best represented by

• A) \(10 = 10 Z + 5 T\)
• B) \(1000 = 20 Z + 10 T\)
• C) \(50 = 10 Z + 5 T\)
• D) \(1000 = A + B\)

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