The Below Figure Shows the Various Combinations of the Goods

question 6

Multiple Choice

The below figure shows the various combinations of the goods X and Y that yield different levels of utility.Figure 7.3

-Refer to Figure 7.3. What combinations of X and Y are attainable by the consumer?

• A)All combinations that lie on or above I₂
• B)All combinations that lie above I₁
• C)All combinations that lie below I₃
• D)All combinations that lie on or below the budget line.
• E)Only the combination of 10 units of good X and 15 units of good Y

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Definitions:

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