The slope of a consumer's budget constraint is equal to:
a. the consumer's income in the previous period divided by his income in the current period.
b. the price of one good divided by the price of the other good
c. the ratio of the marginal utilities from two consecutive units consumed of a good.
d. the price of one good divided by the present income of the consumer.
b
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What will be an ideal response?
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If the demand for software engineers ____ slower than does supply, wages of software engineers will ____
a. increases; remain constant b. increases, rise c. increases; fall d. decreases; fall
Which of these has the most elastic demand?
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