Use the figure below to answer the following questions.
Figure 9.1.2
-Refer to Figure 9.1.2. Which budget line shows the greatest real income in terms of compact discs?
A) AD
B) BD
C) CD
D) Real income is equal for all three budget lines.
E) Cannot be determined without studying the indifference curves.
Correct Answer:
Verified
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A)income only.
B)prices only.
C)income
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