Assume Bill's income to spend on the two goods in the graph shown is $48,and movie tickets cost $8.If Bill's budget constraint is one of the lines in the graph,which one must it be?
A)A
B)B
C)C
D)It could be line A or B.

Question

Assume Bill's income to spend on the two goods in the graph shown is $48,and movie tickets cost $8.If Bill's budget constraint is one of the lines in the graph,which one must it be?
A)A 
B)B 
C)C 
D)It could be line A or B.

Quizplus · Accepted Answer

The Answer of  Assume Bill's income to spend on the two goods in the graph shown is $48,and movie tickets cost $8.If Bill's budget constraint is one of the lines in the graph,which one must it be?
A)A 
B)B 
C)C 
D)It could be line A or B.

Assume Bill's Income to Spend on the Two Goods in the Graph