The slope of a budget line is (A) negative (B) positive (C) zero (D) infinite
Answers
Answered by
4
Answer:
a. negative
Explanation:
Why is the slope of a budget line negative?
An increase in money income shifts the budget line outward to the right. Likely wise, a decrease in money income shifts the budget line inward to the left. In both cases, the slope of the line will not change. ... This slope is negative as consumers must give up some of one good to obtain more of the other goods.
Similar questions