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What is the slope of the budget line in terms of the prices p1 and p2?
Ap1 times p2
BPlus p2/p1
CMinus p1/p2
DMinus M/p1
Answer & Solution
Correct answer: C. Minus p1/p2
Writing x2 = M/p2 - (p1/p2)x1 shows the slope is minus p1/p2.
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