Multiple Choice
Figure 21-1 The downward-sloping line on the figure represents a consumer's budget
constraint.
-Refer to Figure 21-1. If the price of a CD is $12, then the consumer's income amounts to
A) $140.
B) $180.
C) $210.
D) $240.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q176: Each of the following are characteristics of
Q177: A consumer chooses an optimal consumption point
Q178: If the consumer's income and all prices
Q179: Figure 21-24 The figure shows three indifference
Q180: Suppose a consumer knows that at her
Q182: Giffen goods have positively-sloped demand curves because
Q183: The change in consumption that results when
Q184: Assume that goods X and Y are
Q185: Figure 21-32 The figure shows three indifference
Q186: Consumer theory provides the foundation for understanding