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-Lizzie's Budget Line Is Shown in the Figure Above

question 36

Multiple Choice

  -Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation? A)  Q<sub>C</sub> = 20 + Q<sub>M</sub> B)  Q<sub>C</sub> = 20 - Q<sub>M</sub> C)  Q<sub>C</sub> = -20 + 2 Q<sub>M</sub> D)  Q<sub>C</sub> = 20 - 2Q<sub>M</sub>
-Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation?

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