What Is the Slope of the Price Consumption Curve for Two

question 103

Multiple Choice

What is the slope of the price consumption curve for two goods, x and y, when preferences are measured by the utility function U(x,y) = x^0.5y^0.5, the price of good y is $10, income equals $100, and the price of good x increases from $5 to $10?

• A)Slope equals zero.
• B)Slope is infinite.
• C)Slope is - .
• D)Slope is .

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