Solved

Suppose That a Consumer Purchases Just Two Goods, X and Y

Question 352

Multiple Choice

Suppose that a consumer purchases just two goods, X and Y. The ratio of the price of good X to the price of good Y is the


A) intercept on the Y axis of the budget line.
B) intercept on the X axis of the budget line.
C) size of the shift in the budget line.
D) slope of the budget line.

Correct Answer:

verifed

Verified

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

Related Questions