The magnitude of the slope of the budget line is the ratio of
A) a price to its quantity.
B) a quantity to its price.
C) two prices.
D) two marginal rates of substitution.

Name: The magnitude of the slope of the budget line is the ratio of A) a price to its quantity. B) a quantity to its price. C) two prices. D) two marginal rates of substitution.
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Question

Quizplus · Accepted Answer

The slope of the budget line is determined by the ratio of the prices of the two goods being considered.

The Magnitude of the Slope of the Budget Line Is