Refer to the budget line shown in the diagram below. If the consumer's money income is $20, the: 10 8. 4 6. 8. 10 Quantity of C prices of C and D cannot be determined. price of C is $2 and the price of D is $4. price of C is $4 and the price of D is $2. consumer can obtain a combination of 5 units of both C and D. Quantity of D 2.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 22
Refer to the budget line shown in the diagram below. If the consumer's money income is $20, the:
10
8.
2
4
6.
8.
10
Quantity of C
prices of C and D cannot be determined.
price of C is $2 and the price of D is $4.
price of C is $4 and the price of D is $2.
consumer can obtain a combination of 5 units of both C and D.
Quantity of D
2.
Transcribed Image Text:QUESTION 22 Refer to the budget line shown in the diagram below. If the consumer's money income is $20, the: 10 8. 2 4 6. 8. 10 Quantity of C prices of C and D cannot be determined. price of C is $2 and the price of D is $4. price of C is $4 and the price of D is $2. consumer can obtain a combination of 5 units of both C and D. Quantity of D 2.
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