The following figure shows a consumer's budget constraint for jeans and sweaters.

-Refer to the figure above.Suppose the price of a sweater is $3.If the budget constraint of a consumer is B₃,then her income will be equal to ________.
A) $45
B) $90
C) $135
D) $270

Question

The following figure shows a consumer's budget constraint for jeans and sweaters.
 
-Refer to the figure above.Suppose the price of a sweater is $3.If the budget constraint of a consumer is B₃,then her income will be equal to ________.
A) $45 
B) $90 
C) $135 
D) $270

Quizplus · Accepted Answer

Given the price of a sweater is $3 and the budget constraint is B₃, the income must be $135 to align with this budget constraint, as it represents the total amount that can be spent on sweaters at that price point.

The Following Figure Shows a Consumer's Budget Constraint for Jeans