Multiple Choice
. Use the figure Aimee's Budget Constraint. The price of a magazine is $5, and the price of a baseball ticket is $25. What is true if Aimee's income increases by $25?
Figure: Aimee's Budget Constraint
A) Point S is no longer an option that she can choose from.
B) Option L will maximize her utility.
C) Point P will be an option that she can choose from.
D) Point N will be unattainable.
Correct Answer:
Verified
Correct Answer:
Verified
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