Use the figure below to answer the following questions. Figure 9.1.1
-Shelly's budget line is shown in Figure 9.1.1.Which points are affordable given her income and current prices?
A)A only
B)B only
C)C only
D)D only
E)A,C,and D

Question

Use the figure below to answer the following questions.  Figure 9.1.1
-Shelly's budget line is shown in Figure 9.1.1.Which points are affordable given her income and current prices?
A)A only 
B)B only 
C)C only 
D)D only 
E)A,C,and D

Quizplus · Accepted Answer

A budget line represents all the combinations of goods and services that a consumer can afford given their income and the prices of goods. Points on or below the budget line are affordable. Therefore, if points A, C, and D are on or below Shelly's budget line, they are affordable given her income and current prices.

Use the Figure Below to Answer the Following Questions