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The Magnitude of the Slope of the Budget Line Is

Question 5

Multiple Choice

The magnitude of the slope of the budget line is the


A) relative price of the good measured on the vertical axis.
B) relative price of the good measured on the horizontal axis.
C) absolute price of the good measured on the horizontal axis.
D) real price of the good measured on the vertical axis.
E) price of the good measured on the vertical axis.

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