Multiple Choice
Sam buys gasoline and coffee each week. To draw his budget line for gasoline and coffee, Sam needs to know
A) how much income he has to spend on gasoline and coffee, the price of a litre of gasoline, and the price of a cup of coffee.
B) only the price of a litre of gasoline and the price of a cup of coffee.
C) only how much coffee he wants to drink and how much gasoline he needs.
D) only how much income he has to spend on coffee and gasoline.
E) what he needs more-gasoline or coffee.
Correct Answer:
Verified
Correct Answer:
Verified
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