Suppose an individual spends her income on goods X and Y. If her income is $200, the price of good X is PX= $4, and the price of good Y is PY= $2, then the algebraic expression for her budget constraint is:
- Y = 50 - 0.5X
- Y = 100 - 0.5X
- Y = 200 - 0.5X
- Y = 50 - 2X
- Y = 100 - 2X
- Y = 200 - 2X