If the Quantity of Good a (Q_A) Is Plotted Along

question 94

Multiple Choice

If the quantity of good A (Q_A) is plotted along the horizontal axis, the quantity of good B (Q_B) is plotted along the vertical axis, the price of good A is P_A, the price of good B is P_B and the consumer's income is I, then the slope of the consumer's budget constraint is:

• A) -Q_A/Q_B.
• B) -Q_B/Q_A.
• C) -P_A/P_B.
• D) -P_B/P_A.
• E) I/P_A or I/P_B.

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Definitions:

Cognitive Theories

Cognitive theories are psychological frameworks that emphasize mental processes such as thinking, memory, perception, and problem solving as the principal components in understanding behavior.

Intellectual Processes

Intellectual processes involve the mental activities related to thinking, understanding, learning, and remembering, encompassing a wide range of cognitive functions.

Beliefs

Convictions or acceptances that something exists or is true, especially without empirical evidence.

Behaviorism

A psychological approach that studies observable and quantifiable aspects of behavior and the effects of the environment on those behaviors, excluding theories of mind.