A budget line shows the
A)alternative combinations of two goods that a consumer can purchase with a given money income.
B)alternative combinations of two goods that will yield the same level of total utility to a consumer.
C)quantities of a particular good that a consumer will buy at various prices.
D)ratio of money income to product price.

Question

Quizplus · Accepted Answer

A budget line represents the alternative combinations of two goods that a consumer can purchase with a given money income, showing the trade-offs a consumer faces given their budget constraints.

A Budget Line Shows the