The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle a. True b. False

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asked Dec 9, 2021 166k views

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Kiriloff · Answer 1 · 2021-12-14T17:57:45+0000

Answer:

False

Step-by-step explanation:

The slope of the budget line is the ratio of the prices of that bundle of goods. It represents the price at which a consumer would be willing to substitute one good for the other in the same bundle of goods.

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The slope of the budget line represents the rate at which the consumer is willing to trade one good for another at any given bundle a. True b. False

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