Multiple Choice
Suppose good X is on the horizontal axis, good Y is on the vertical axis, and the slope of an individual's budget line is -2. Which of the following is true?
A) Good Y is twice as expensive as good X.
B) The consumer gives up two units of good Y for each unit of good X she purchases.
C) The opportunity cost of good X is one half of a unit of good Y.
D) All of the above are correct.
Correct Answer:

Verified
Correct Answer:
Verified
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