Note AcademyNote Academy
Start

Economics (AS & A Level) · May / June 2022 · Paper 32 · Question 5

9708Indifference curves and budget lines

What does a budget line show?

  1. Athe behaviour of a utility-maximising consumer
  2. Bthe difference between an individual's consumption and saving
  3. Cthe monetary value of the disposable income of a consumer
  4. Dthe maximum combinations of two products that a consumer can buy with a given level of income

As printed in the paper

Show the answer

Correct answer: D. the maximum combinations of two products that a consumer can buy with a given level of income

Sit this whole paper →More on Indifference curves and budget lines

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.