A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?
Correct answer: C. Budget line
- A. Indifference curve
- B. Lorenz curve
- C. Budget line
- D. Say's law
Explanation
A budget line shows the combinations of two goods that a consumer can afford with a fixed income at given prices. An indifference curve instead shows combinations that provide the same level of satisfaction.
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