Economy, asked by kewatdeenanath1, 9 hours ago

equation of price line

Answers

Answered by jhalakj295

0

Explanation:

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Answered by Vedaghna

1

Answer:

Therefore, the numerical slope of the budget line is px / py which is equal to the ratio of the prices of X and Y. Since the numerical slope of the line represents the price ratio, or, the relative price of good X in terms of good Y, this line is also called the price line.

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