All combinations of goods along a budget line are affordable with a given level of income.

Name: All combinations of goods along a budget line are affordable with a given level of income.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Quizplus · Accepted Answer

A budget line represents all possible combinations of goods that can be purchased with a given level of income. Therefore, all combinations along the budget line are affordable with the given income.

All Combinations of Goods Along a Budget Line Are Affordable