Question
Assume good X is on the horizontal axis, and good Y is on the vertical axis. If a consumer's budget constraint has a slope that
Assume goodXis on the horizontal axis, and goodYis on the vertical axis. If a consumer's budget constraint has a slope that is less than -1:
A. the consumer gets less utility from good X than from goodY.
B. the consumer gets more utility from goodXthan from goodY.
C. the price of good X is less than the price of goodY.
D. the price of goodXis greater than the price of goodY.
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Power And Plenty Trade, War, And The World Economy In The Second Millennium
Authors: R Findlay, Ronald Findlay
1st Edition
0691143277, 9780691143279
