MCQ3. The slope of the budget constraint is equal to the : A. Marginal rate of substitution B. Ratio of the price of the good on the horizontal axis to the price of the good on the vertical axis C. Income of the consumer D. Reciprocal of the marginal utility of one good.

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.