Multiple Choice
Assume the price of product Y (the quantity of which is on the vertical axis) is $15 and the price of product X (the quantity of which is on the horizontal axis) is $3.Also assume that money income is $60.The absolute value of the slope of the resulting budget line:
A) is 5.
B) is 1/5.
C) is 4.
D) is 20.
Correct Answer:
Verified
Correct Answer:
Verified
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