Assume the price of product Y (the quantity of which is on the vertical axis) is $15 and the price of product X (the quantity of which is on the horizontal axis) is $3. Also assume that money income is $60. The absolute value of the slope of the

resulting budget line is:

A. 5.
B. 1/5.
C. 4.
D. 20.


Answer: B

Economics

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