Assume the Price of Good Y with Its Quantity Measured

question 87

Multiple Choice

Assume the price of good Y with its quantity measured on the vertical axis is $100 and the price of good X with its quantity measured on the horizontal axis is $10. If the consumer's budget is $500, then the absolute value of the slope of the budget line is:

• A) 500.
• B) 1/10.
• C) 10.
• D) 100.

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