Accountancy, asked by hayazhaaz4568, 9 months ago

How to calculate the value of slope of abudget line

Answers

Answered by Anonymous

4

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.

hope it helps..

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