Explain me about price ratio and the slope of the budget line.
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The meaning of the budget line's slope or price ratio is the same as the slope of a PPF. ... This means the slope of the curve is the relative price of the good on the x-axis in terms of the good on the y-axis.
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Answered by
1
Answer:
The meaning of the budget line's slope or price ratio is the same as the slope of a PPF. ... This means the slope of the curve is the relative price of the good on the x-axis in terms of the good on the y-axis.
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