Suppose a Consumer Has $100 to Spend on Two Goods,shoes

question 226

Multiple Choice

Suppose a consumer has $100 to spend on two goods,shoes and shirts.If the price of a pair of shoes is $20 per pair and the price of a shirt is $15 each,which of the following combinations is unaffordable to the consumer?

• A) 5 pairs of shoes and 0 shirts
• B) 2 pairs of shoes and 4 shirts
• C) 0 pairs of shoes and 7 shirts
• D) 2 pairs of shoes and 3 shirts
• E) 0 pairs of shoes and 0 shirts

---

Definitions:

Merchandise Suppliers

Companies or individuals that provide products for sale to retailers, often involving wholesale transactions.

Long-Term Debt

Long-Term Debt comprises loans and financial obligations lasting more than one year, used by businesses to finance long-term investments or projects.

Inflow Of Cash

Money or cash equivalents coming into a business, typically from operations, investments, or financing activities.

Bond Payable

A financial instrument representing a loan made by an investor to a borrower, typically corporate or governmental, with a promise to pay back the principal along with interest on specified dates.