Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?

/ Consumer Theory vs. Real Consumers, Economics Mcqs / By
Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?

A. Z
B. X
C. Y
D. the optimal point cannot be determined from this graph