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A Consumer Has $100 Per Day to Spend on Product

Question 126

Multiple Choice

A consumer has $100 per day to spend on product A, which has a unit price of $7, and product B, which has a unit price of $15. What is the slope of the budget line if good A is on the horizontal axis and good B is on the vertical axis?


A) -7/15
B) -7/100
C) -15/7
D) 7/15

Correct Answer:

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