Exhibit 10-5 Refer to Exhibit 10-5.In the exhibit,the line that connects points A and B is called:

Name: Exhibit 10-5 Refer to Exhibit 10-5.In the exhibit,the line that connects points A and B is called:
Brand: Quizplus
Rating: 5.0 (50 reviews)

Question

Exhibit 10-5  Refer to Exhibit 10-5.In the exhibit,the line that connects points A and B is called:

Quizplus · Accepted Answer

The line connecting points A and B is the income-consumption curve, which shows the different combinations of two goods a consumer can purchase at different income levels while maintaining the same level of utility.