Which of the following statements about the slope of a consumer's budget line is correct?

Question

Accepted Answer

The steeper the slope of the budget line, the greater is the relative price of the good measured on the horizontal axis.

Answer

The flatter the slope of the budget line, the greater is the relative price of the good measured on the horizontal axis.

Answer

The steeper the slope of the budget line, the smaller is the relative price of the good measured on the horizontal axis.

Answer

The steeper the slope of the budget line, the greater is the relative price of the good measured on the vertical axis.

Answer

The slope of the budget line is independent of relative prices.

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