Budget equation-Slope of the budget line

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Reference no: EM13817934

Given the budget equation 5M + 10P = 100, where M represents movies and P represents pizza, the slope of the budget line is

A) the relative price of one good in terms of the other.

B) the price of good M.

C) the price of good P.

D) dependent upon the quantities of the goods consumed.

Reference no: EM13817934

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