Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 5
9708Indifference curves and budget lines
What does a budget line on an indifference curve diagram show?
- Athe amount that a household has available to spend plotted against time
- Bthe combinations of two goods that can be purchased when all income is spent
- Cthe difference between a government's income and expenditure plotted against time
- Dthe relationship between the price of a good and the amount demanded
As printed in the paper
Show the answer
Correct answer: B. the combinations of two goods that can be purchased when all income is spent
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.