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Question

All attainable combinations of good X and good Y are  the budget line. 


Your Answer
A
on
Your Answer
B
above
Your Answer
C
below
Correct Answer
D
on and below

Solution

The correct option is D on and below
All attainable combinations of good X and good Y are on and below the budget line. Any combination above and beyond the budget line is not affordable for the consumer. 

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