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If the Price of a Is $12 and the Price

Question 270

Multiple Choice

If the price of A is $12 and the price of B is $3, the budget line tells us that a consumer in effect can trade

A) 12 units of A for 3 of B.
B) 1 unit of A for 4 of B.
C) 1 unit of A for 3 of B.
D) 1 unit of B for 4 of A.

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