Economics (AS & A Level) · May / June 2021 · Paper 33 · Question 4
9708Indifference curves and budget lines
The graph shows the budget line for a household as used in indifference curve analysis. What can be concluded about the amount of income that could be spent by the household?
- AIt is greater at point R than point S.
- BIt is greater at point T than point S.
- CIt is greatest at point S.
- DIt is the same at points R, S and T.
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Correct answer: D. It is the same at points R, S and T.
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