The magnitude of the slope of the budget line is the
A) relative price of the good measured on the vertical axis.
B) relative price of the good measured on the horizontal axis.
C) money price of the good measured on the horizontal axis.
D) real price of the good measured on the vertical axis.
E) money price of the good measured on the vertical axis.
Correct Answer:
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Q1: The price of a cup of coffee
Q3: Sarah has an income of $100.She purchases
Q4: The price of one good divided by
Q5: When speaking of the price of the
Q6: Use the figure below to answer the
Q7: If the price of the good measured
Q8: If the price of the good measured
Q9: If income decreases,the budget line
A)becomes steeper.
B)becomes flatter.
C)shifts
Q10: Suppose all prices double and income also
Q11: David has an income of $60 to
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