When Speaking of the Price of the Good Measured on the Horizontal

question 71

Multiple Choice

When speaking of the price of the good measured on the horizontal axis relative to the price of the good measured on the vertical axis,which statement is true?

• A)The steeper the slope of the budget line,the greater the relative price of the good measured on the horizontal axis.
• B)The steeper the slope of the budget line,the smaller the relative price of the good measured on the horizontal axis.
• C)The steeper the slope of the budget line,the greater the relative price of the good measured on the vertical axis.
• D)The slope of the budget line is independent of relative prices.
• E)The flatter the slope of the budget line,the greater the relative price of the good measured on the horizontal axis.

---

Definitions:

Matrix Structure

An organizational structure that combines two or more types of structures, typically project and functional, enabling more flexible and dynamic team collaboration.

Formal Group

A collection of individuals who come together to achieve a specific goal, structured and organized with defined roles and responsibilities.

Divisional Structures

An organizational framework where operations are divided into semi-autonomous units or divisions, each focusing on a certain product line or geographical area.

Unhealthy Rivalries

Competitions between individuals or groups that lead to negative outcomes, such as stress, conflict, or undermining each other.