-Consider the budget line in the above figure. If the consumer's income is $240, then the price of a book is
A) $20 per book.
B) $12 per book.
C) $24 per book.
D) More information is needed to determine the price of a book.

Question

-Consider the budget line in the above figure. If the consumer's income is $240, then the price of a book is
A) $20 per book. 
B) $12 per book. 
C) $24 per book. 
D) More information is needed to determine the price of a book.

Quizplus · Accepted Answer

The Answer of 
-Consider the budget line in the above figure. If the consumer's income is $240, then the price of a book is
A) $20 per book. 
B) $12 per book. 
C) $24 per book. 
D) More information is needed to determine the price of a book.

-Consider the Budget Line in the Above Figure