Figure 10-8 -Refer to Figure 10-8.If the Price of Biscotti Is $1.50

Multiple Choice

Figure 10-8

-Refer to Figure 10-8.If the price of biscotti is $1.50 and the price of a cappuccino is $3.00, what is the slope of the budget constraint?

A) -2
B) -(3.00 - 1.50) /(3.00 + 1.50) = -1/3
C) -1/2
D) The slope cannot be determined without the value of income.