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Which of the Following Statements Is Correct

Question 7

Multiple Choice

Which of the following statements is correct?


A) Along the budget line, consuming more of one good implies consuming more of the other.
B) The slope of the budget line shows the opportunity cost of the good measured along the x-axis.
C) The slope of the budget line shows there is no tradeoff between the two goods because the consumer can buy each of them.
D) If the consumer's budget increases, the budget line shifts leftward and its slope does not change.
E) None of the above answers is correct.

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