Suppose that Trey spends all of his income on vacation trips and textbooks.If the price of a trip is $200 and the price of a textbook is $50,then the slope of his budget line (assuming vacation trips are measured on the vertical axis) would be
A) -4
B) 4
C) 0.25
D) -1.75
E) -0.25
Correct Answer:
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Q4: If income doubles and the prices of
Q5: The ratio of the prices of two
Q6: The ratio of the price of the
Q7: If income decreases,there will be a parallel
Q8: A family on a trip budgets $800
Q10: If the price of bread were zero,a
Q11: A family on a trip budgets $800
Q12: Figure 6-1
Income = $ 100
Price per Ticket
Q13: The slope of the budget line
A)is always
Q14: A family on a trip budgets $800
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