Solved

Suppose There Are Two Goods,X and Y,with X Being Measured

Question 93

Multiple Choice

Suppose there are two goods,X and Y,with X being measured on the horizontal axis and Y being measured on the vertical axis.The budget line connecting these two goods does not:


A) show all the possible combinations of X and Y a consumer can buy given the level of income and prices.
B) have a positive slope.
C) have a slope that reflects the trade-off of one good for another.
D) reflect the assumption of continuous divisibility if drawn as a straight line.

Correct Answer:

verifed

Verified

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

Related Questions