Multiple Choice
Which of the following best explains why the expenditure line intersects the 45-degree line?
A) The slopes of both lines are the same.
B) The slope of the expenditure line is greater than the slope of the 45-degree line.
C) The slope of the 45-degree line is greater than the slope of the expenditure line.
D) The slope of the expenditure line is greater than 1.
E) The slope of the expenditure line is negative.
Correct Answer:
Verified
Correct Answer:
Verified
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