ay must a budget constraint have a negative slope? O Income and quantity demanded are inversely related. OOn a budget constraint, buying more of one good requires buying les another. The spreading effect. Decreasing returns to scale. Diminishing marginal utility.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 16SQ
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I got option b for this, but I'm not certain that's right; please help. See the picture below.
Why must a budget constraint have a negative slope?
Income and quantity demanded are inversely related.
On a budget constraint, buying more of one good requires buying less of
another.
The spreading effect.
Decreasing returns to scale.
Diminishing marginal utility.
Transcribed Image Text:Why must a budget constraint have a negative slope? Income and quantity demanded are inversely related. On a budget constraint, buying more of one good requires buying less of another. The spreading effect. Decreasing returns to scale. Diminishing marginal utility.
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Budget constraint measures the combinations of two goods that a consumer can buy with the given budget.  

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