Question:
A consumer’s income or budget is 120. She buys two goods, x and y, with prices 3 and 4respectively. Then the budget constraint can be expressed as
A. 4x + 3y = 120 B. 3x + 4y = 120 C. 12x + 12y = 120 D. cannot be determined Answer» b. 3x + 4y = 120| Note: | The above multiple-choice question is for all general and Competitive Exams in India. |