Question

A budget line shows the A. total utility a consumer realizes from consuming different quantities of...

A budget line shows the

A.

total utility a consumer realizes from consuming different quantities of a good.

B.

quantities of consumption that maximizes marginal utility.

C.

the prices of the two goods a buyer can purchase.

D.

quantities of goods a buyer can purchase with given income and prices.

E.

relationship between price and quantity demanded.

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Answer #1

ANSWER:

The correct answer is option d that is quantities of goods a buyer can purchase with given income and prices. (fact)

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