Question

7.


Suppose an individual has an income of Rs. 15 per time period, the price of good X is Re. 1 and the
price of good Y is also Re. 1. That is, M = Rs. 15, Px = Re. 1, and Py = Re. 1.
Write down the equation of the budget line of the individual in the form that indicates the
amount spent on good X plus the amount spent on good Y equals the individual's income.
b.
Write down the equation of two budget lines in the form that you can read off directly the
vertical intercept and the slope of the line.
Plot the budget line.
Ans: (a) Px. Qx + Py. Qv= M (b) Qv=-Qx + 15
pectively. Wh
C.​

Answer 1

Answer:

sorry

Explanation:

i can tell you sorry because I can't understand this question