Refer to the information provided in Figure 6.1 below to answer the question(s) that follow. Figure 6.1
-Refer to Figure 6.1. Assume Tom's budget constraint is AC. He will have leftover income if he purchases the bundle represented by point
A) A.
B) B.
C) E.
D) D.

Question

Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.  Figure 6.1
-Refer to Figure 6.1. Assume Tom's budget constraint is AC. He will have leftover income if he purchases the bundle represented by point
A) A. 
B) B. 
C) E. 
D) D.

Quizplus · Accepted Answer

Point E is the only point that lies below the budget constraint line AC, indicating that Tom would spend less than his total budget if he chooses this bundle, hence having leftover income.

Refer to the Information Provided in Figure 6