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If a Consumer Purchases Two Goods, Food (Measured Along The x

Question 1

Multiple Choice

If a consumer purchases two goods, food (measured along the xx axis) and housing (measured along the yy axis) , and if the price of food is $3\$ 3 per unit and the price of housing is $400\$ 400 per unit, then what is the slope of the consumer's budget constraint if the consumer has an income of $600\$ 600 ?


A) 3/600- 3 / 600 .
B) 3/400- 3 / 400
C) 400/600- 400 / 600
D) 400/3- 400 / 3

Correct Answer:

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