menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 11
  4. Exam
    Exam 5: Constraints, Choices, and Demand
  5. Question
    A Consumer's Budget Constraint Is
Solved

A Consumer's Budget Constraint Is

Question 50

Question 50

Multiple Choice

A consumer's budget constraint is:


A) a positively-sloped line.
B) a negatively-sloped line.
C) convex.
D) a vertical line at the level of the consumer's income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q45: If electricity is measured on the horizontal

Q46: If a good is normal,then the Engel

Q47: An increase in a consumer's income will

Q48: Refer to Figure 5.1.In which graph does

Q49: The price of CDs is $15 and

Q51: If the income-consumption path slopes upward,then:<br>A) both

Q52: If an increase in the price of

Q53: A curve that shows how the best

Q54: When indifference curves have _ marginal rates

Q55: If the price of the good measured

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines