Figure 21-2 The downward-sloping line on the figure represents a consumer's budget
constraint.
-Refer to Figure 21-2. If the consumer's income is $100, then what is the price of an apple?
A)$0.50
B)$0.75
C)$1.00
D)$1.25

Question

Figure 21-2 The downward-sloping line on the figure represents a consumer's budget
constraint. 
-Refer to Figure 21-2. If the consumer's income is $100, then what is the price of an apple?
A)$0.50 
B)$0.75 
C)$1.00 
D)$1.25

Quizplus · Accepted Answer

The price of an apple is $0.50 when the consumer's income is $100.

Figure 21-2 the Downward-Sloping Line on the Figure Represents a Consumer's