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Exhibit a -Refer to Exhibit A. Suppose That the Consumer Must Choose

Question 25

Multiple Choice

Exhibit A
Exhibit A -Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. If the price of a belt is R100 and the price of a pair of socks is R50, 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.
-Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. If the price of a belt is R100 and the price of a pair of socks is R50, 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.

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