Multiple Choice
The magnitude of the slope of the budget line is the
A) relative price of the good measured on the vertical axis.
B) relative price of the good measured on the horizontal axis.
C) money price of the good measured on the horizontal axis.
D) real price of the good measured on the vertical axis.
E) money price of the good measured on the vertical axis.
Correct Answer:
Verified
Correct Answer:
Verified
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