Multiple Choice
If a consumer's budget line between meat and potatoes has a vertical axis intercept at 100 pounds of meat and a horizontal axis intercept at 100 pounds of potatoes
A) demand must be inelastic
B) the consumer's budget must equal $100
C) both meat and potatoes must be priced at $1 per pound
D) the price of a pound of meat must equal the price of a pound of potatoes
E) the opportunity cost of meat in terms of potatoes cannot be determined
Correct Answer:

Verified
Correct Answer:
Verified
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