The figure above shows three budget lines.
-Based on the figure above,on which budget line is the relative price of gum the highest?
A) Budget line BL₂.
B) Budget line BL₀.
C) Budget line BL₁.
D) The relative price is the same along all three budget lines.
E) To answer the question, more information is needed about the consumer's income.
Correct Answer:
Verified
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