Figure 3B

-Which of the following is the excise budget line in Figure 3B?

Name: Figure 3B -Which of the following is the excise budget line in Figure 3B?
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Question

Figure 3B

-Which of the following is the excise budget line in Figure 3B?

Quizplus · Accepted Answer

The excise budget line is represented by the line segment AH, which connects points A and H on the vertical and horizontal axes, respectively. This is because all points on this line represent the same level of total expenditure on excise goods, which is the sum of expenditure on beer and cigarettes.

Figure 3B -Which of the Following Is the Excise Budget Line in Budget