Suppose a Consumer Must Choose Between the Consumption of Sandwiches

question 40

Multiple Choice

Suppose a consumer must choose between the consumption of sandwiches and pizza. If we measure the quantity of pizza on the horizontal axis and the quantity of sandwiches on the vertical axis, and if the price of a pizza is €10 and the price of a sandwich is €5, then the slope of the budget constraint is

• A) 2
• B) 10
• C) 1/2
• D) 5

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Definitions:

Rent Control

Government regulations that limit the amount landlords can charge for renting out a property and may also restrict the reasons for evicting tenants.

Economy Works

The systematic way in which economic activities are organized and conducted in a society to produce goods and services.

Scientist

A professional engaged in a systematic activity to acquire knowledge, often employing the scientific method in various fields.

Stock Prices

The cost of purchasing a share of ownership in a company, which can fluctuate based on market conditions.