1.

A consumer consume only two goods X and Y. Let P_(x) and P_(y) be their prices and Q_(x) and Q_(y) the quantities of these goods respectively. Let m be income. The budget contraints equations is

Answer»

`P_(x).Q_(x)+P_(y).Q_(y)=m`
`P_(x).Q_(x)+P_(y).Q_(y) LT m`
`P_(x).Q_(x)+P_(y).Q_(y) gt m`
None of the above

ANSWER :B


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