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Assume That a Consumer Spends a Given Budget on Only

Question 361

Multiple Choice

Assume that a consumer spends a given budget on only two goods and that the prices of the two goods are constant. The budget line in this case would


A) definitely be a straight downward-sloping line.
B) possibly be a straight upward-sloping line.
C) be a curved graph bowed outward.
D) be a curved bell-shaped graph.

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