Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

What does a budget line indicate on an indifference curve diagram?

  • Athe amount that a household has available to spend plotted against time
  • Bthe combinations of two goods that can be purchased when all income is spent
  • Cthe difference between a government’s income and expenditure plotted against time
  • Dthe relationship between the price of a good and the amount demanded

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