Sam Buys Petrol and Coffee Each Week

question 35

Multiple Choice

Sam buys petrol and coffee each week. In order to draw his budget line between petrol and coffee, Sam would have to know

• A) only the prices of one litre of petrol and one kilogram of coffee.
• B) only how much income he has available to spend on petrol and coffee.
• C) only how much petrol he wants to buy and how much coffee he wants to drink.
• D) both how much income he has to spend and the prices of one litre of petrol and one kilogram of coffee.

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Definitions:

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Loans for educational purposes that are backed by governmental or private entities, ensuring repayment to lenders in case of default.

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A wrongful act done deliberately, which causes harm to another person, and for which the victim may sue the perpetrator.

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