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    Microeconomics Study Set 30
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    Exam 19: The Logic of Individual Choice: the Foundation of Supply and Demand
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 118

Question 118

Multiple Choice

Refer to the graph shown. Given this budget constraint, if bagels cost $1.80 each, croissants must cost: Refer to the graph shown. Given this budget constraint, if bagels cost $1.80 each, croissants must cost:   A)  $0.90 each. B)  $1.80 each. C)  $3.60 each. D)  It is impossible to know from the information given.


A) $0.90 each.
B) $1.80 each.
C) $3.60 each.
D) It is impossible to know from the information given.

Correct Answer:

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