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Assume Kevin's Income to Spend on the Two Goods in the Graph

Question 101

Multiple Choice

Assume Kevin's income to spend on the two goods in the graph shown is $48,and books cost $12.If Kevin's budget constraint is one of the lines in the graph,which one must it be? A) A B) B C) C D) It could be either A or B. Assume Kevin's income to spend on the two goods in the graph shown is $48,and books cost $12.If Kevin's budget constraint is one of the lines in the graph,which one must it be?


A) A
B) B
C) C
D) It could be either A or B.

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