Solved

The Slope of the Budget Constraint Line Is

Question 14

Multiple Choice

The slope of the budget constraint line is


A) the ratio of the prices (Px/Py) .
B) the negative of the ratio of the prices (Px/Py) .
C) the ratio of income divided by price of Y (I/Py) .
D) none of these.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions