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Figure 9.3.2 Refer to Figure 9.3.2, which shows a consumer's budget line ...

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A graph plots good y versus good x. The horizontal axis is labeled good x, and the vertical axis is labeled good y. A graph is a downward sloping line from the top left in the vertical axis to the bottom right in the horizontal axis. Three concave up decreasing curves labeled I sub 1, I sub 2, and I sub 3. The curve I sub 1 intersects the line at point R. The curve I sub 2 has two points Q and S intersect the line at Q. The angle I sub 3 has a point T. The points R, S, and T are parallel to each other.

Figure 9.3.2

Refer to Figure 9.3.2, which shows a consumer's budget line and preference map. Which of the following statements about Figure 9.3.2 is correct?
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