Suppose a consumer has an income of $30 that is spent on two goods: X and Y. The price of good X is $1.00 and the price of good Y is $3.00. Which of the following bundles of X and Y lie on the individuals budget constraint?
|8X and 6Y|
|6X and 8Y|
|8X and 10Y|
|12X and 4Y|
|16X and 6Y|
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