Economy, asked by intelligent57, 7 months ago

example for slope of budget line​

Answers

Answered by khushianand590
3

Explanation:

Slope of the Budget Line and Prices of Two Goods:

8.14. Suppose the given income of the consumer is M and the given prices of goods X and Y are Px and Py respectively. The slope of the budget line BL is OB/OL. ... Now, the quantity of good Y purchased if whole of the given income M is spent on it is OB

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