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Naddik [55]
3 years ago
5

The slope of the _________________ is determined by the relative price of the two goods, which is calculated by taking the price

of one good and dividing it by the price of the other good.A) personal preferenceB) utility levelC) budget constraintD) opportunity set
Business
1 answer:
sleet_krkn [62]3 years ago
8 0

Answer:

C) budget constraint

Explanation:

The budget constraint is a graph of all the combinations of goods and services a consumer can purchase given prices and income of the consumer.

The absolute slope of the budget constraint is the relative price of the two goods represented on the graph.

I hope my answer helps you

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If the demand for loanable funds shifts to the right, then the equilibrium interest rate and quantity of loanable funds rise.

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The requirement for loanable funds reflects lenders' actions, as well as the amount of loans requested. The smaller the rate of interest, the less costly it is to lend. The balance of loanable funds on the market is done because the amount of loans lenders want is the same as the amount of savings that savers have. The interest rate varies to ensure that both are equivalent.

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3. No, due to unilateral mistake

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