Multiple Choice
Assume the price of good Y with its quantity measured on the vertical axis is $20 and the price of good X with its quantity measured on the horizontal axis is $5. If the consumer's budget is $100, then the absolute value of the slope of the budget line is:
A) 100.
B) 20.
C) 1/4.
D) 4.
Correct Answer:
Verified
Correct Answer:
Verified
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