If the Graph Shown Represents Celia's Budget Constraint,which of the Following

question 28

Multiple Choice

If the graph shown represents Celia's budget constraint,which of the following must be true?

• A) Celia will spend twice as much on earrings as she does hairbands.
• B) Celia could consume either four pairs of earrings or eight hairbands.
• C) Celia gets twice as much utility from earrings as she does from hairbands.
• D) All of these are true.

---

Definitions:

Types

Varieties or categories of something, classified based on common characteristics or attributes.

Attribute-Based Choice

Process in which consumers select a product based on attribute-by-attribute comparisons across brands.

Affective Choice

The decision-making process influenced by emotions and feelings, where individuals choose based on the emotional appeal of an option rather than its objective attributes.

Attitude-Based Choice

Process that involves the use of general attitudes and summary impressions.