Question

please tell me linear budget equation?? please urgently​

Answer 1

Answer:

ADVERTISEMENTS: (i) It is a straight line in the commodity space, since it is a linear equation in x and y. (ii) Its slope is negative being equal to − px/py (... px, py > 0). Therefore, the numerical slope of the budget line is px / py which is equal to the ratio of the prices of X and Y.

Explanation:

follow and like pls