Multiple Choice
Suppose a consumer purchases pizza and soft drinks.If pizza is measured on the vertical axis and soft drinks are measured on the horizontal axis,then the slope of the budget line is equal to:
A) the price of pizza divided by the price of soft drinks.
B) the price of soft drinks divided by the price of pizza.
C) the price of pizza divided by the price of soft drinks times negative one.
D) the price of soft drinks divided by the price of pizza times negative one.
Correct Answer:
Verified
Correct Answer:
Verified
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