A ________ is a model demonstrating how consumers divide their purchases between two scarce products when they have a finite income.
A) A concave indifference curve
B) A convex indifference curve
C) A consumer utility function
D) household consumer linear budget constraint
E) diminishing marginal utility function

Question

Quizplus · Accepted Answer

A household consumer linear budget constraint is a model demonstrating how consumers divide their purchases between two scarce products when they have a finite income.

A ________ Is a Model Demonstrating How Consumers Divide Their