Question

If a consumer faces the budget line equation: 20X + 10Y=500. Answer the

following questions:-

A. What will be the slope of budget line? 1

B. How many units would he be able to buy if the entire sum of ₹ 500 is to be

spent on good X only? Show calculations. 1

C. Construct a new budget line equation if the price of good Y falls by 50%.

Also, write the slope of the new budget line equation​

Answer 1

Answer:

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Step-by-step explanation:

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Answer 2

Answer:

Step-by-step explanation:

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