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.

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Definitions:

Continuous

Unbroken or uninterrupted in space, time, or sequence.

Discontinuous

Characterized by distinct stages or levels of development rather than a smooth, gradual progression.

Little Albert

The Little Albert experiment was a study in the field of psychology that investigated classical conditioning in humans, particularly how a child could be conditioned to fear a previously neutral stimulus.

Conditioned

The process by which an organism learns to associate a previously neutral stimulus with a stimulus that already elicits a response.