Which is true of the two budget lines drawn below?
A)Line a has a higher nominal income than line b
B)Line b and line a have the same nominal income
C)The absolute price of good Y is greater with budget line a than with budget line b
D)The price of good X is larger with budget line a

Question

Which is true of the two budget lines drawn below? 
A)Line a has a higher nominal income than line b 
B)Line b and line a have the same nominal income 
C)The absolute price of good Y is greater with budget line a than with budget line b 
D)The price of good X is larger with budget line a

Quizplus · Accepted Answer

The Answer of Which is true of the two budget lines drawn below? 
A)Line a has a higher nominal income than line b 
B)Line b and line a have the same nominal income 
C)The absolute price of good Y is greater with budget line a than with budget line b 
D)The price of good X is larger with budget line a

Which Is True of the Two Budget Lines Drawn Below