The Ratio of the Price of the Good on the Horizontal

question 77

Multiple Choice

The ratio of the price of the good on the horizontal axis divided by the price of the good on the vertical axis multiplied by -1

• A)is the slope of the demand curve
• B)measures the price elasticity of demand for a particular good
• C)defines real income for the consumer
• D)is the slope of the budget line
• E)is the slope of the indifference curve

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