Multiple Choice
Assume the price of good Y with its quantity measured on the vertical axis is $100 and the price of good X with its quantity measured on the horizontal axis is $10. If the consumer's budget is $500, then the absolute value of the slope of the budget line is:
A) 500.
B) 1/10.
C) 10.
D) 100.
Correct Answer:
Verified
Correct Answer:
Verified
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