Which of the following is a true statement about budget constraints? Select the correct answer below:

All along the budget constraint, giving up some of one good does not mean a consumer must also give up some of the other good.

Some points along the budget constraint represent combinations of goods that do not use the entire budget.

Each point on the budget constraint represents a combination of two different goods whose total costs add up to the consumer’s total budget.

The relative price of one good compared to the other determines the consumer’s total budget.

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

The simple interest in a loan of $200 at 10 percent interest per year is

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