Multiple Choice
Sam buys gasoline and coffee each week.To draw his budget line for gasoline and coffee,Sam needs to know
A) if his income is expected to rise in the future.
B) if the price of gasoline is expected to rise in the future.
C) if the price of coffee is expected to fall in the future.
D) the goods that he considers to be substitutes for gasoline and for coffee.
E) how much income he has to spend and the prices of one litre of gasoline and one cup of coffee.
Correct Answer:
Verified
Correct Answer:
Verified
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