Solved

If a Consumer's Budget Constraint Has a Slope That Is

Question 49

Multiple Choice

If a consumer's budget constraint has a slope that is less than -1:


A) the consumer gets more utility from good X than from good Y.
B) the price of good X is less than the price of good Y.
C) the consumer gets less utility from good X than from good Y.
D) the price of good X is greater than the price of good Y.

Correct Answer:

verifed

Verified

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

Related Questions