Suppose a consumer purchases pizza and soft drinks. If pizza is measured on the vertical axis and soft drinks are measured on the horizontal axis, then the slope of the budget line is equal to:
A. the price of pizza divided by the price of soft drinks.
B. the price of soft drinks divided by the price of pizza.
C. the price of pizza divided by the price of soft drinks times negative one.
D. the price of soft drinks divided by the price of pizza times negative one.
D. the price of soft drinks divided by the price of pizza times negative one.
You might also like to view...
The unit-elastic demand curve bends in the middle toward the origin of the graph and at either end moves closer to the axes.
Answer the following statement true (T) or false (F)
If S = 300, T = 800, G = 1100, and I = 150, this makes net foreign investment
A) 150. B) -150. C) 450. D) 750. E) -450.
The political problems associated with fixing the CPI are that
A. benefits to the poor would rise. B. Social Security benefits would fall. C. personal income taxes would fall. D. Social Security taxes would rise.
Which of the following sequence of events follows a rise in the discount rate?
A. r? ? I? ? AE? ? Y? B. r? ? I? ? AE? ? Y? C. r? ? I? ? AE? ? Y? D. r? ? I? ? AE? ? Y?