Multiple Choice
In order to determine a household's budget line, you must know the
A) prices of the goods bought, but not the household's income.
B) prices of the goods bought and the household's income.
C) household's income, but not the prices of goods bought.
D) household's income, the prices of the goods bought, and the household's preferences.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Inga's graph of her budget line has
Q10: Consider the budget line in the above
Q11: The combinations of petrol and coffee along
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q13: Which of the following statements is FALSE?<br>A)
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Lizzie's preferences are
Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the figure
Q17: The substitution effect<br>A) is always larger than
Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q19: Petrol is a normal good. If the