Solved

Assume Px Is the Price of Good X on the Horizontal

Question 221

Multiple Choice

Assume Px is the price of good X on the horizontal axis and Py is the price of good Y on the vertical axis. The slope of the budget line equals:


A) Py / PxY.
B) PyQy / Px Qx.
C) (1 − Py / Px) .
D) Px / Py.

Correct Answer:

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