A budget line is based on given:
A) tastes.
B) money income.
C) satisfaction.
D) consumer preferences.

Name: A budget line is based on given: A) tastes. B) money income. C) satisfaction. D) consumer preferences.
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Question

Quizplus · Accepted Answer

A budget line shows the combinations of two goods that a consumer can afford based on their money income, assuming that the prices of the goods are given. Tastes, satisfaction, and consumer preferences do not directly determine the shape of the budget line.

A Budget Line Is Based on Given