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

Question 156

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

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