Economy, asked by Anonymous, 5 hours ago

guys l need the explanation for this diagram
pls correct answer guys (ʘᴗʘ✿)(ʘᴗʘ✿)(ʘᴗʘ✿)​

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Answered by AshMaXSiRa
2

Equation of budget line P1X1 + P2X2 = M by substituting the values we get

4 X1 + 5X2 = 20

The consumer can consume 5 units of Good 1 = (20/4 =5)

The consumer can consume 4 units of Good 2 = (20/5 =4)

The slope of the budget line is downward sloping from left to right.

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Answered by Anonymous
3

Answer:

꧁P꧁R꧁I꧁N꧁C꧁E꧂

Explanation:

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