Exhibit 21-7

-Refer to Exhibit 21-7.Which of the following graphs represents a budget constraint of a consumer whose income is $120?
A) (1)
B) (2)
C) (3)
D) (1) and (2)
E) This cannot be determined from the information provided.

Question

Exhibit 21-7
 
-Refer to Exhibit 21-7.Which of the following graphs represents a budget constraint of a consumer whose income is $120?
A) (1) 
B) (2) 
C) (3) 
D) (1) and (2) 
E) This cannot be determined from the information provided.

Quizplus · Accepted Answer

Without the specific details of the prices of goods or the axes labels on the graphs, it is impossible to determine which graph represents the budget constraint for an income of $120.

Exhibit 21-7 -Refer to Exhibit 21-7.Which of the Following Graphs Represents a Following