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

question 90

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 more expensive the good measured on the horizontal axis.
• B)The steeper the slope of the budget line, the less expensive the good measured on the horizontal axis.
• C)The steeper the slope of the budget line, the more expensive 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 more expensive the good measured on the horizontal axis.

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Definitions:

DVI-I

The most common type of DVI video connector that is used with both analog and digital monitors.

Micro-USB

A standard interface port on mobile devices and smartphones.

Mini-USB

A port found on mobile devices that is a miniaturized version of the Universal Serial Bus (USB) interface created for connecting smartphones, GPS devices, printers, and digital cameras.

Portable Devices

Handheld electronic devices designed for portability and convenience, such as smartphones, tablets, and portable media players.