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If There Are Two Goods and If One Good Has

question 29

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If there are two goods and if one good has a negative price and the other has a positive price, then the slope of the budget line will be positive.


Definitions:

Unlimited Driving Plan

A service plan allowing for unrestricted use of a vehicle for a set period of time, often used by car rental companies.

Kilometres

A unit of length in the metric system equal to 1,000 meters, commonly used to measure distances between places.

Harmonized Sales Tax

A combined tax that includes both federal and provincial sales taxes, applied to the purchase of goods and services.

Price Tags

Labels or stickers on merchandise displaying the price of the item.

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