Assume Victoria's budget constraint is represented in the graph shown. If the price of video games decreases, the slope of Victoria's budget constraint will become _____, reflecting the fact that _____ are now relatively _____ expensive.
Definitions:
Equilibrium Price
The price at which the supply and demand for a product or service are equal, leading to a stable market condition.
Semistrong Form
A level of market efficiency that assumes stock prices already reflect all publicly available information, rendering fundamental analysis ineffective at achieving superior returns.
Constant Growth Model
A model for valuing a stock by assuming it will pay dividends that grow at a constant rate indefinitely.
Dividend Yield
Dividend yield is a financial ratio that shows how much a company pays out in dividends each year relative to its stock price.
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