A person's consumption possibilities include all points on the budget line as well as all points below the budget line.

Name: A person's consumption possibilities include all points on the budget line as well as all points below the budget line.
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Question

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The budget line represents the maximum combinations of goods a person can afford, while points below it represent combinations that cost less than the budget, thus all are possible consumption choices.

A Person's Consumption Possibilities Include All Points on the Budget