Multiple Choice
(Figure: Budget Constraint) Refer to the figure. The slope ofthe budget constraint in the figure above is equal to:
A) the price of sneakers divided by the price of flip- flops.
B) the price of flip-flops divided by the price of gas.(True Answer ) Correct
C) the quantity of flip-flops divided by the quantity of sneakers.
D) the quantity of sneakers divided by the quantity of flip- flops.
Correct Answer:
Verified
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