When Speaking of the Price of the Good Measured on the Horizontal

Multiple Choice

When speaking of the price of the good measured on the horizontal axis relative to the price of the good measured on the vertical axis,which statement is true?

A) The steeper the slope of the budget line,the greater the relative price of the good measured on the horizontal axis.
B) The steeper the slope of the budget line,the smaller the relative price of the good measured on the horizontal axis.
C) The steeper the slope of the budget line,the greater the relative price of the good measured on the vertical axis.
D) The slope of the budget line is independent of relative prices.
E) The flatter the slope of the budget line,the greater the relative price of the good measured on the horizontal axis.