Multiple Choice
All points above the budget line are
A) preferred to every point on the budget line.
B) unaffordable.
C) inferior to every point on the budget line.
D) Both answers B and C are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q72: Jodie has indifference curves for CDs and
Q73: Along an indifference curve,<br>A) the consumer prefers
Q74: Consumers' preferences are described by<br>A) relative prices.<br>B)
Q75: When the price of a normal good
Q76: For a consumer, a budget line shows
Q78: When your income increases,<br>A) your budget line
Q79: If an indifference map for a consumer
Q80: The price of one good divided by
Q81: Larry spends all his $800 monthly income
Q82: All points below a given indifference curve