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Refer to Exhibit 4

Question 13

Multiple Choice

Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is €100. If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented by point? ​ Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is €100. If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented by point? ​   ​ A)  Z B)  X C)  Y D)  the optimal point cannot be determined from this graph.


A) Z
B) X
C) Y
D) the optimal point cannot be determined from this graph.

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