The Slope of the Budget Line Is

question 149

Multiple Choice

The slope of the budget line is

• A) negative because of the marginal rate of substitution.
• B) positive, since income and prices are positively related.
• C) zero, since both prices and income are assumed to be constant.
• D) negative, since to purchase more of one good means giving up some of the other good.

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Definitions:

Brand Vitality

The overall energy, dynamism, and health of a brand in the eyes of consumers, indicating its potential for growth and lasting success.

Points of Difference

Characteristics that set a product or service apart from its competitors, highlighting unique features or benefits.

Points of Difference

Unique features or benefits of a product or service that set it apart from competitors in the eyes of consumers.

Brand Authenticity

The extent to which a brand is perceived as genuine, reliable, and true to its values, ethics, and promises to its consumers.