When the good on the horizontal axis is a composite good, the slope of the budget constraint is minus the price of the good on the vertical axis.
Answer the following statement true (T) or false (F)
False
Rationale: The slope is usually -p1/p2 --- and when p1=1 (as it is when good 1 is a composite good), then the slope of the budget line is -1/p2; i.e. minus the inverse of p2.
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