Suppose You Are Graphing the Quantity of Bagels on the Vertical

question 22

Multiple Choice

Suppose you are graphing the quantity of bagels on the vertical axis and the quantity of coffee on the horizontal axis. A household's real income in terms of bagels is the

• A) relative price of coffee.
• B) relative price of bagels.
• C) point at which the budget line intersects the x-axis.
• D) point at which the budget line intersects the y-axis.

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