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If a Consumer Has $30 to Spend on Apples and Bananas,where

Question 1

Multiple Choice

If a consumer has $30 to spend on apples and bananas,where on the apple axis would the consumer's budget line intersect if the price of apples is $3 a pound?


A) 30 pounds
B) 10 pounds
C) 3 pounds
D) 0 pounds
E) It is impossible to determine with the given information.

Correct Answer:

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