Multiple Choice
-Refer to Figure 5.2.Suppose the price of gas is $3,the price of food is $5 and the consumer's income is $300.If the government rations gas to 50 gallons,how much food will the consumer buy?
A) 30
B) 50
C) 60
D) 15
Correct Answer:

Verified
Correct Answer:
Verified
Q34: Suppose a consumer buy books and DVDs.The
Q43: Which of the following statements is true?<br>A)
Q53: Nicole's income is $1,000 per month.She spends
Q54: An affordable consumption bundle is an interior
Q55: If the income-consumption path slopes upward,then<br>A) Both
Q56: When a good is normal,<br>A) An increase
Q58: If everyone in an economy buys and
Q59: Mike's income is $450 per month.He spends
Q60: The price of bread is $1.50 per
Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1639/.jpg" alt=" -Refer to Figure