Economy, asked by harishchand1996, 6 months ago

explain why buget line is downward sloping for 4 marks

Answers

Answered by ajaykunar88
1

Answer:

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Answered by BornCxnfused
24

Budget line is a downward sloping line because given the prices of goods X and Y, and income of the consumer, more of Good-X (on X-axis) can be purchased only when less of Good-Y (on Y-axis) is purchased.

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