Draw the budget line with the section 8 housing subsidy

Reference no: EM133552521

Question: Assume the consumer has income of $600. Furthermore, assume the Section 8 housing voucher will pay for housing expenses in excess of 1/3 of consumer income, with a maximum payment of $200. If the price of housing is $1 per unit and the price of all other goods is also $1 per unit, draw the budget line with the Section 8 housing subsidy Additional comments: there is no solution

Reference no: EM133552521

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