Suppose That a Consumer Purchases Just Two Goods, X and Y

question 352

Multiple Choice

Suppose that a consumer purchases just two goods, X and Y. The ratio of the price of good X to the price of good Y is the

• A) intercept on the Y axis of the budget line.
• B) intercept on the X axis of the budget line.
• C) size of the shift in the budget line.
• D) slope of the budget line.

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Definitions:

Specific Position

A particular or clearly defined job role within an organization, characterized by unique responsibilities and requirements.

Norms

Established standards of behavior or guidelines that are accepted within a group or society.

Roles

The functions or parts played by individuals in a particular social, professional, or other contexts.

Barbiturates

A class of drugs that act as central nervous system depressants and are used as sedatives or anticonvulsants.