Exhibit A
-Refer to Exhibit A. Suppose that the consumer must choose between buying socks and belts. Also, suppose that the consumer's income is R1 000. If the price of a belt is R100 and the price of a pair of socks is R50, the consumer will choose to buy the commodity bundle represented by point?
A) Z
B) X
C) Y
D) the optimal point cannot be determined from this graph.
Correct Answer:
Verified
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