Multiple Choice
If the quantity of good A (QA) is plotted along the horizontal axis, the quantity of good B (QB) is plotted along the vertical axis, the price of good A is PA, the price of good B is PB and the consumer's income is I, then the slope of the consumer's budget constraint is:
A) -QA/QB.
B) -QB/QA.
C) -PA/PB.
D) -PB/PA.
E) I/PA or I/PB.
Correct Answer:

Verified
Correct Answer:
Verified
Q89: Use the following statements to answer this
Q90: Consider the following three market baskets:Table 3.1<br>
Q91: Jane is attempting to maximize utility by
Q92: Which of the following statements is not
Q93: Which price index tends to understate the
Q95: You may consume ice cream or frozen
Q96: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 3.1.1 -A
Q97: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 3.1.8 -Refer
Q98: Scenario 3.1:<br>Andy derives utility from two goods,
Q99: A team of researchers has conducted a