Suppose That the Quantity of Good Y Is Measured Along

question 325

Multiple Choice

Suppose that the quantity of good y is measured along the vertical axis and that the quantity of good x is measured along the horizontal axis. If the price of good x is $5 and the price of good y is $10 when income is $200 per time period, the slope of the consumer's budget constraint will be

• A) -0.5.
• B) -2.
• C) -5.
• D) -10.

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Definitions:

T Account

A visual representation used in accounting to depict the debit and credit sides of an account for easy visualization and analysis.

T Account

A visual representation used in accounting to show the effect of transactions on the balance of accounts, featuring a T-shaped format.

Debit Balance

A financial account balance where debits are greater than credits.

Credit Balance

Indicates the amounts credited on the right side of the balance sheet, usually representing liabilities, revenue, or equity.