Budget lines are drawn on a diagram with the
A) price of the good on the vertical axis and its quantity on the horizontal axis.
B) price of one good on the vertical axis and the price of another good on the horizontal axis.
C) quantity of the good on the vertical axis and its price on the horizontal axis.
D) quantity of one good on the vertical axis and the quantity of another good on the horizontal axis.

Question

Quizplus · Accepted Answer

Budget lines typically represent the trade-off between two goods, showing the quantities of each that can be purchased given a fixed budget.

Budget Lines Are Drawn on a Diagram with the