Exhibit 20-7 ​ Refer to Exhibit 20-7. Which of the Following Graphs Represents

question 92

Multiple Choice

Exhibit 20-7 ​

Refer to Exhibit 20-7. Which of the following graphs represents a budget constraint of a consumer whose income is $120?

• A)(1)
• B)(2)
• C)(3)
• D)(1)and (2)
• E)This cannot be determined from the information provided.

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Definitions:

Missing Factor

Refers to an unknown quantity in multiplication that, when multiplied with a known quantity, yields a given product.

Fill In

A phrase often used in education and testing to describe a task where the respondent must complete or provide missing information.

Combine

The act of merging or bringing things together to form a whole, often used in mathematics to refer to combining like terms or equations.

Simplify

To alter an expression into its most reduced or simplest form, making it easier to understand or solve.