A Person's Consumption Possibilities Is Defined by the Budget Line

question 62

Multiple Choice

A person's consumption possibilities is defined by the budget line because

• A) it marks the boundary between what is affordable and unaffordable.
• B) it represents the individual's preference for different combinations of goods.
• C) it marks the boundary between what can be produced and what is unattainable given the current state of technology and resources.
• D) all consumers must consume on their budget line.

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