John Q. Public spends all of his income on tacos and hot dogs. Draw his budget line
Question:
a. His income is $100, and one taco and one hot dog each cost $2.
b. His income is $150, and the two prices remain the same.
c. His income is $100, hot dogs cost $2 each, and tacos cost $2.50 each.
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Related Book For
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
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