If a Consumer's Budget Line Between Meat and Potatoes Has

question 79

Multiple Choice

If a consumer's budget line between meat and potatoes has a vertical axis intercept at 100 pounds of meat and a horizontal axis intercept at 100 pounds of potatoes

• A)demand must be inelastic
• B)the consumer's budget must equal $100
• C)both meat and potatoes must be priced at $1 per pound
• D)the price of a pound of meat must equal the price of a pound of potatoes
• E)the opportunity cost of meat in terms of potatoes cannot be determined

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