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Satsume Satsume
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Posts: 761
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7 years ago
The budget constraint for a consumer who only buys apples (A) and bananas (B) is PAA + PBB = I where consumer income is I, the price of apples is PA, and the price of bananas is PB.  To plot this budget constraint in a figure with apples on the horizontal axis, we should use a budget line represented by the slope-intercept equation:
A) A = -I/PA + (PB/PA)B
B) A = I/PA - (PB/PA)B
C) B = -I/PB + (PA/PB)A
D) B = I/PB - (PA/PB)A
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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Posts: 477
7 years ago
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