Scenario: Suppose Pairs of Jeans (J) Cost $60 Per Pair

Multiple Choice

Scenario: Suppose pairs of jeans (j) cost $60 per pair, sweaters (s) cost $20 each, and you have $300 of income. Assume you purchase only jeans and sweaters with your income. Your budget constraint is:
$60 - j + $20 - s = $300.
The graph below shows 4 consumption bundles (combinations of jeans and sweaters) .

-Your budget set contains ________.

A) only those bundles of jeans and sweaters that exhaust less than all your income
B) all bundles of jeans and sweaters that are affordable with your income
C) all bundles of jeans and sweaters that exhaust all your income
D) all bundles of jeans that are not affordable with your income