Multiple Choice
Suppose hamburgers are on the horizontal axis and all other goods on the vertical axis.John noticed that since the price of hamburgers has increased,the total amount he spends on hamburgers each month increased.Given this information we can conclude that John's price-consumption curve for hamburgers and all other goods is:
A) positively sloped.
B) negatively sloped.
C) horizontal.
D) U-shaped.
Correct Answer:
Verified
Correct Answer:
Verified
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