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Question 1 1 pts The slope of the budget constraint depends on... O the prices of the goods O Income O Income and prices of gcan someone help me with this question? not sure if it is correct

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Answer #1

the budget constraint is given by : Px.X + Py.Y = M, where Px = price of x and Py = Price of y. and m = income

the slope of the budget constraint is given by -Px/Py. hence we conclude the slope of the budget constraint depends upon the prices of the goods. hence the correct answer is a

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