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Assume an individual only desires 2 goods Medicine and Food. Units of medicine = M, units of Food= F, Price of Medicine = P m

Assume an individual only desires 2 goods Medicine and Food. Units of medicine = M, units of Food= F, Price of Medicine = P_m, Price of Food = P_f, I = income. If medicine is on the horizontal axis then:

a.Slope of budget constraint =- P_f/P_m

b.Vertical intercept of budget constraint is I/P_m

c.Horizontal intercept of budget constraint is I/P_m

d.None of the above

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