Multiple Choice
Sam buys petrol and coffee each week. In order to draw his budget line between petrol and coffee, Sam would have to know
A) only the prices of one litre of petrol and one kilogram of coffee.
B) only how much income he has available to spend on petrol and coffee.
C) only how much petrol he wants to buy and how much coffee he wants to drink.
D) both how much income he has to spend and the prices of one litre of petrol and one kilogram of coffee.
Correct Answer:
Verified
Correct Answer:
Verified
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