explain slope or rate of budget line
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It is also important to remember that the slope of the budget line is equal to the ratio of the prices of two goods. ... Now, the quantity of good Y purchased if whole of the given income M is spent on it is OB. It is thus proved that the slope of the budget line BL is equal to the ratio of prices of two goods
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The budget line can be defined as a set of combinations of two commodities that can be purchased if whole of the given income is spent on them and its slope is equal to the negative of the price ratio.
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