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(Figure: Budget Constraint) Refer to the Figure

Question 17

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. (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:

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