Question

The other name of price line is ________.

• A. price opportunity line
• B. price-income line or budget line
• C. budget constraint line
• D. all of the above

Answer 1

Answer: (D)

all of the above

All points on the budget lines are points of optimal efficiency. Wherein the consumer is maximizing his utility by utilizing his entire income. Points above the budget line are not attainable as it requires greater income.

Therefore the answer is all of the above.