The slope of the budget line
A) is always -1
B) represents the opportunity cost of consuming one more unit of the good measured on the horizontal axis
C) increases as more of one good is consumed
D) decreases as more of one good is consumed
E) is negative because of the law of demand
Correct Answer:
Verified
Q8: A family on a trip budgets $800
Q9: Suppose that Trey spends all of his
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
Q14: A family on a trip budgets $800
Q15: Figure 6-1
Income = $ 100
Price per Ticket
Q16: Budget constraints exist for consumers because
A)their utility
Q17: A consumer's budget line shows
A)the utility that
Q18: If income decreases,the budget constraint will shift
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