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Assume that a consumer has a given budget or income of $10 and that she can buy only two goods, apples or bananas. The p
Posted: Sun Jul 03, 2022 6:55 am
by answerhappygod
- Assume That A Consumer Has A Given Budget Or Income Of 10 And That She Can Buy Only Two Goods Apples Or Bananas The P 1 (27.5 KiB) Viewed 13 times
Assume that a consumer has a given budget or income of $10 and that she can buy only two goods, apples or bananas. The price of an apple is $2.00 and the price of a banana is $1.00. What is the slope of the budget line if the quantity of apples were measured on the horizontal axis and bananas on the vertical axis? Multiple Choice O O -2 -0.5 -0.8 -1.6