The Magnitude of the Slope of the Budget Line Is

question 5

Multiple Choice

The magnitude of the slope of the budget line is the

• A)relative price of the good measured on the vertical axis.
• B)relative price of the good measured on the horizontal axis.
• C)absolute price of the good measured on the horizontal axis.
• D)real price of the good measured on the vertical axis.
• E)price of the good measured on the vertical axis.

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Definitions:

Fovea

A small depression in the retina of the eye where visual acuity is highest, due to the concentration of cone cells.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths of light they reflect, emit, or transmit.

Lens

In optics, a lens is a transparent device that refracts or bends light rays to focus them, used in glasses, cameras, and various instruments for magnification or correction.

Fovea

A tiny indent in the eye's retina that features the greatest visual sharpness because of a high density of cones.