Solved

The Slope of a Budget Line for a Consumer Buying

Question 115

Multiple Choice

The slope of a budget line for a consumer buying two goods is equal to the _______ of the price of the good on the ________ axis divided by the price of the good on the _______ axis.


A) positive; vertical; horizontal
B) negative; horizontal; vertical
C) positive; horizontal; vertical
D) negative; vertical; horizontal

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions