Figure 21-2 The downward-sloping line on the figure represents a consumer's budget
constraint.
-Refer to Figure 21-2. Which of the following statements is correct?
A)Points W, X, and Y all cost the consumer the same amount of money.
B)Point V is unaffordable for the consumer given his budget constraint.
C)Point Z costs less than point V.
D)Points W, X, and Y give the consumer the same level of satisfaction.

Question

Figure 21-2 The downward-sloping line on the figure represents a consumer's budget
constraint. 
-Refer to Figure 21-2. Which of the following statements is correct?
A)Points W, X, and Y all cost the consumer the same amount of money. 
B)Point V is unaffordable for the consumer given his budget constraint. 
C)Point Z costs less than point V. 
D)Points W, X, and Y give the consumer the same level of satisfaction.

Quizplus · Accepted Answer

Point W, X, and Y all cost the consumer the same amount of money because they are all on the same budget constraint.

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