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Answer to Question #283996 in Microeconomics for bkzas

Question #283996

3.Assum that the total expenditure of a consumer on two goods X and Y is birr 2000 and

prices of good X and Y are birr 50 and birr 40 respectively .Then formulate his budget

equation and sketch the graph.


1
Expert's answer
2022-01-02T18:20:40-0500

50x+40Y=2000

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