Suppose That the Quantity of Good Y Is Measured Along

question 325

Multiple Choice

Suppose that the quantity of good y is measured along the vertical axis and that the quantity of good x is measured along the horizontal axis. If the price of good x is $5 and the price of good y is $10 when income is $200 per time period, the slope of the consumer's budget constraint will be

• A) -0.5.
• B) -2.
• C) -5.
• D) -10.

---

Definitions:

Federal Trade Commission

A U.S. federal agency tasked with the enforcement of antitrust and consumer protection laws to ensure fair competition and prevent fraudulent business practices.

Lanham Act

The primary federal trademark statute of law in the United States, providing protection to owners of trademarks and service marks and combating deceptive practices and unfair competition.

Trademark

A recognizable sign, design, or expression which identifies products or services of a particular source from those of others, and is legally registered.

Non-U.S. Trademark

A trademark registered or recognized in countries outside of the United States, providing legal protection for brands and logos in those jurisdictions.