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In Order to Determine a Household's Budget Line, You Must

Question 2

Multiple Choice

In order to determine a household's budget line, you must know the


A) prices of the goods bought and the household's income.
B) prices of the goods bought, but not the household's income.
C) household's income, but not the prices of goods bought.
D) household's income, prices of the goods bought, and the household's preferences.

Correct Answer:

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