If a consumer’s budget line for food (F) and shelter (S) is represente
If a consumer’s budget line for food (F) and shelter (S) is represented as F = 250 – 5S, we know that
A) the consumer’s income is 250.
B) the price of shelter is 5.
C) the price of shelter is 5 times the price of food.
D) All of the above.
ANSWER
C
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